The United States and the European Union could team up to counter the dominance ...
WASHINGTON - The United States and the European Union could team up to counter the dominance of China’s Huawei Technologies in next-generation 5G telecoms technology, but not if Washington continues to threaten tariffs against Brussels, a senior German conservative lawmaker said late on Friday.
Norbert Roettgen, a member of German Chancellor Angela Merkel’s Christian Democrats, said he told U.S. officials during a visit to Washington that he saw opportunities for greater transatlantic cooperation on 5G that would benefit both sides. After reaching a Phase 1 trade deal with China, and securing the passage of a new North American trade pact in Congress, U.S. President Donald Trump has set his sights on Europe and what he views as its unfair barriers for U.S. companies.
The United States says gear provided by Huawei, the leading telecoms equipment vendor with a global market share of 28%, contains “back doors” that would enable China to spy on other countries, a claim Huawei vigorously denies.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'We'll see; - U.S. Vice President on whether U.K.'s 5G decision could hurt possible trade dealU.S. Vice President Mike Pence said on Friday that Britain's decision to le...
Read more »
Uncle Sam’s 5G telecom fantasy is M&A nightmareAttorney General William Barr thinks the U.S. could buy Nokia or Ericsson to counter China’s Huawei. But making private firms do the state’s bidding is not how America works. Wrapping suppliers in the flag would also destroy value. Selling shareholders would be the only winners.
Read more »
Macron: France ready to partner with Europe on nuclear deterrencePresident Emmanuel Macron said on Friday that France wanted to open a strategic ...
Read more »
Trump 'apoplectic' with UK over Huawei 5G decision as US suggests taking stake in Nokia, EricssonU.S. Attorney General William Barr said a controlling stake in European telecoms equipment makers would 'blunt' Huawei's 'drive to domination.'
Read more »
Europe pushes plan to build a gigafactory to rival Tesla, China on electric-car batteriesGermany and France announce a plan for a giant battery factory, underscoring Europe's determination to catch up with Asian competitors.
Read more »
Europe needs to rebalance bank buffer rules: de GuindosEuro zone authorities should shift bank capital requirements, putting greater em...
Read more »