chinis huawei and 70 affiliates placed on US blacklist

From Conservative Treehouse...

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The U.S. Commerce Department said on Wednesday it is adding Huawei Technologies Co Ltd and 70 affiliates to its so-called “Entity List” – a move that bans the telecom giant from buying parts and components from U.S. companies without U.S. government approval.

U.S. officials told Reuters the decision would also make it difficult if not impossible for Huawei, the largest telecommunications equipment producer in the world, to sell some products because of its reliance on U.S. suppliers.

Under the order that will take effect in the coming days, Huawei will need a U.S. government license to buy American technology. Huawei did not immediately comment.


Commerce Secretary Wilbur Ross said in a statement President Donald Trump backed the decision that will “prevent American technology from being used by foreign owned entities in ways that potentially undermine U.S. national security or foreign policy interests.”

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For those keeping score. We are blacklisting the bad players from buying sensitive equipment. We are barring them from buying sensitive companies. We are barring them from studying sensitive subjects at our Universities. We are encouraging our companies to move out of chini and stop sharing technology. And we are laying the wood on tariffs until they stop stealing our technology. This my friends is what happens when you have a businessman running the largest business in the world...the US government.