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5/16/2019, 7:15 PM (Source: TeleTrader)
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Huawei to seek 'remedies' for US ban

Huawei Technologies Co. said on Thursday that it will immediately seek "remedies" and a "resolution" for getting blacklisted by the United States due to concerns of cyber-espionage by the Chinese government. The ban "will do significant economic harm to the American companies with which Huawei does business" and affect "tens of thousands of American jobs, and disrupt the ... global supply chain," the Chinese tech giant warned.

"We will also proactively endeavor to mitigate the impacts of this incident," the statement added.

The Commerce Department in Washington prohibited Huawei and its 70 affiliates from getting technology from the US without government approval. The measure will go into effect tomorrow.

Breaking the News / NI