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Huawei's $105 billion business at stake after U.S. broadside


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Huawei's $105 billion business at stake after U.S. broadsideHONG KONG/BEIJING (Reuters) - The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world's top supplier of telecoms network equipment. The Trump administration has said it would add Huawei Technologies and 70 affiliates to its "Entity List" - a move that will likely ban the firm from acquiring U.S. components and technology without government approval, adding another incendiary element to the U.S.-China trade war. A similar U.S. ban on China's ZTE Corp had almost crippled business for the smaller Huawei rival early last year before the curb was lifted.


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