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Wed May 15, 2019, 08:33 PM

Trump Declares National Emergency Over Threats Against US Technology Amid Campaign Against Huawei

KEY POINTS

•President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.

•The move, done via executive order, is expected to precede a ban on U.S. firms doing business with the Chinese telecommunications company Huawei.

•The announcement comes as the U.S and China remain locked in a trade dispute.

PUBLISHED 4 HOURS AGOUPDATED MOMENTS AGO
Tucker Higgins
@TUCKERHIGGINS

President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.

The move, done via executive order, authorized the Commerce Secretary Wilbur Ross, in consultation with other top officials, to block transactions that involve information or communications technology that “poses an unacceptable risk to the national security of the United States.”

Following the order, the U.S. Department of Commerce announced the addition of Huawei Technologies and its affiliates to the Bureau of Industry and Security (BIS) Entity List, making it more difficult for the Chinese telecom giant to conduct business with U.S. companies.

The addition means that U.S. companies cannot sell or transfer technology to Huawei without a license issued by the BIS. That could make it harder for Huawei to do business, as it depends on some U.S. suppliers for parts.

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https://www.cnbc.com/2019/05/15/trump-signs-executive-order-declaring-national-emergency-over-threats-against-us-technology.html

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