In an interview with Associated Press on Tuesday, the Chinese technology giant, Huawei, founder Ren Zhengfei said that he expects no relief from the US export curbs due to the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology.
In response to Monday's announcement by the US on adding more of Huawei's subsidiaries to the entity list, Ren noted: "Whether the entity list is extended or not, that will not have a substantial impact on Huawei's business. We can do well without relying on American companies."
Don’t want relief from the US sanctions if it requires China to make concessions in a tariff war, even if that means his daughter, who is under house arrest in Canada on U.S. criminal charges, faces a long legal struggle.
Huawei expects US curbs on most technology sales to go ahead despite Monday's announcement of a second 90-day delay.
No one in Washington would risk standing up for the company.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.