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Huawei blacklisted by US over national security concerns

ANI  |  US 

The on Wednesday blacklisted giant Huawei, along with 70 affiliates, citing threats to national security behind the decision.

"is engaged in activities that are contrary to US national security," the said while placing the Chinese company on a trade blacklist, according to Sputnik.

This comes as authorities in arrested giant Huawei's Chief Financial officer, Meng Wanzhou, in last year. She may be extradited to the US, where she faces charges over suspected violations of the US sanctions against

Furthermore, the latest measure comes amidst the escalating trade spat between the US and

recently imposed fresh tariff hikes on Chinese imports amounting to USD 200 billion, alleging that had backed out of the trade deal as it neared fruition. In response, announced its intent to increase tariffs on US goods entering the country starting from June 1.

US had on Wednesday declared a national emergency by signing an order which bars American companies from using equipment manufactured by foreign companies believed to pose a "national security risk.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 06:51 IST