Trump is banning China’s Huawei in 5G. US companies will not sell components for China’s 5G. Qualcomm, Micron and other companies will not be selling to Huawei.
Cisco is a big winner and is up 6.6% today.
This is more than the Trade War. This will be full technology war with the US blacklisting China for 5G.
China will have to try to recreate key technology. China was able to get around US restrictions on supercomputer technology.
The US still has the upper hand in technology and consumer purchasing power.
This is engaging a full technological and economic competition.
The US still has twice as much consumer spending as China and China is behind in critical technology of semiconductors, materials and jet engines.
— Presidential News Network (@POTUSNetwork) May 15, 2019
Trump's Huawei Threat Is Nuclear Option to Halt China's Rise – Bloomberg https://t.co/gIy1feWdZE
— Samantha LaDuc (@SamanthaLaDuc) May 16, 2019
SOURCES- Twitter, CNBC