Donald Trump’s Huawei ban is a more severe threat to global economy than trade war tariffs, economists say

//Donald Trump’s Huawei ban is a more severe threat to global economy than trade war tariffs, economists say

Donald Trump’s Huawei ban is a more severe threat to global economy than trade war tariffs, economists say

US President Donald Trump’s ban on Chinese telecoms giant Huawei Technologies, and its implications for 5G development, poses a more serious threat to the global economy than higher tariffs, according to economists.The US-China trade war – which has become white hot in recent weeks after simmering for months – is quickly evolving into a fight over which of the world’s two largest economies will control the future of technology and telecommunications.Last week, the Trump administration…

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By | 2019-05-24T14:15:05+00:00 May 24th, 2019|Business|Comments Off on Donald Trump’s Huawei ban is a more severe threat to global economy than trade war tariffs, economists say