The consequences of the Trump administration’s decision to blacklist Huawei could soon be felt by companies and consumers on both sides of the trade war. If China retaliates, an intricate supply chain built over decades could break under the strain. https://lat.ms/2JZIV7S
Such a split would shake global markets, though consequences would be more severe for some companies than others. For example, losing access to the Chinese market entirely would cut Apple’s overall revenues by 20%. https://lat.ms/2JZIV7S
Huawei, the second-largest smartphone manufacturer, is dependent on U.S. components and Android software for its devices. The loss of American suppliers is likely to massively disrupt the company’s business and hamper any plans to expand beyond China. https://lat.ms/2JZIV7S
Huawei chief executive Ren Zhengfei has said the company is prepared for U.S. sanctions. More on the man behind Huawei, who made China a global leader in 5G technology: https://lat.ms/2WZTgE8
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