The focus to restrict Huawei's access to American companies appears to be motivated by concerns regarding secrecy and intellectual property, but the firm is also a main competitor to many U.S. telecom equipment businesses, according to Gil Luria.
The latest escalation of the technology war between the world's two largest economies was reflected in the May 10 decision by theto provide communications services in the U.S. on national security grounds, Biswas said.
Wednesday's moves from the Trump administration is a "grave escalation with China that at minimum plunges the prospect of continued trade negotiations into doubt," Paul Triolo, geo-technology practice head at political consultancy Eurasia Group, wrote in a note. "Unless handled carefully, this situation is likely to place U.S. and Chinese companies at new risk."
Biswas agreed, saying the turn of events adds to uncertainties about the "long-reach" implications for non-Chinese communication companies that use parts made by Huawei and other Chinese network equipment providers.
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