US Restarts Trade War With China, Locks Out Huawei; China Vows Retaliation

VikingLifeBlog

It was shaping up as a nice, quiet rampy end a tumultous week, when at 630am ET all hell broke loose after the Trump’s Commerce Department to block shipments of semiconductors to Huawei Technologies from global chipmakers, via amending foreign direct product rule to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology” in the process “cutting off Huawei’s efforts to undermine U.S. export controls.”

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