U.S. Government Imposes Tight New Restrictions on Huawei
The U.S. Department of Commerce and the Bureau of Industry and Security imposed new restrictions on Chinese tech giant Huawei. The company and its affiliates are no longer permitted to buy any product "where U.S. software or technology is the basis for a foreign-produced item." The new restriction went into effect on Monday.
A press statement subsequently issued by Secretary of State Mike Pompeo supporting Commerce's latest measure says that "[t]he Trump Administration sees Huawei for what it is – an arm of the Chinese Communist Party's (CCP's) surveillance state."
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Source Fool.com
