US Adds Chinese Telecom Huawei to Trade Blacklist
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The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks, Reuters reports.
The Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its "Entity List" - a move that bans the company from acquiring components and technology from U.S. firms without government approval.
Huawei, which denies its products pose a security threat, said it was "ready and willing to engage with the U.S. government and come up with effective measures to ensure product security."
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