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


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.

Share: Feed news

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

GBP/USD drops below 1.2650 after weak UK data

GBP/USD drops below 1.2650 after weak UK data

GBP/USD stays under bearish pressure and trades below 1.2650 on in the European session on Friday. The data from the UK showed that the Gross Domestic Product contracted by 0.1% on a monthly basis in October and weighed on Pound Sterling.

GBP/USD News
EUR/USD seems vulnerable around 1.0460 area amid divergent ECB-Fed expectations

EUR/USD seems vulnerable around 1.0460 area amid divergent ECB-Fed expectations

The EUR/USD pair remains depressed during the Asian session on Friday and touches a near three-week low, around the 1.0455 area in the last hour. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices is to the downside and supports prospects for an extension of the recent downtrend.

EUR/USD News
Gold price struggles to capitalize on modest intraday gains, remains below $2,700

Gold price struggles to capitalize on modest intraday gains, remains below $2,700

Gold price attracts some dip-buying and reverses a part of Thursday's retracement slide. Geopolitical risks, trade war fears and Fed rate cut bets continue to benefit the commodity. Expectations for a less dovish Fed and elevated US bond yields might cap the precious metal.

Gold News
Bitcoin and Ripple stalls while Ethereum eyes rally

Bitcoin and Ripple stalls while Ethereum eyes rally

Bitcoin faces resistance near $101,100, hinting at a potential downturn. At the same time, Ethereum eyes a rally if it can firmly close above $4,000, and Ripple holds support at $1.96, with a breakdown signaling a possible decline.

Read more
Can markets keep conquering record highs?

Can markets keep conquering record highs?

Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures