Source: China considering suspending business with suppliers who agreed to halt supplying Huawei

Dhwani Mehta FXStreet

Reuters quotes a source from MoneyChina, as saying that China is considering suspending business with suppliers who agreed to halt supplying Huawei.

The source added that China may temporarily hike tariffs for Apple.

This chatter is doing rounds after a source familiar with the matter told Reuters on Sunday that Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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