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Topic: Huawei Sanctions

jaish

Tue 05/14/19 02:11 AM

Meng Wanzhou, daughter of Huawei founder Zhengfei is accused of fraud with a maximum penalty of 30 years in prison

The Charges:

The U.S. Department of Justice alleges Meng allowed SkyCom, an unofficial Huawei subsidiary, to do business in Iran, violating U.S. sanctions against the country and misleading American financial institutions in the process.

What???

First it was to ban the Huawei and ZTE phones and modems
Reason given - security threat
Real reason - because Huawei was emerging as the leader in 5G

Second: It was that the company stole intellectual property. how can the Asian mind invent? So it must be theft. (Remember Microsoft products are generally re-engineered from others' products: Excel from Lotus. The difference was the vast number of Asians employed advanced MS products to next level)

Third: And now it is fraudulently violated Iran sanctions!!

The general opinion is these charges can be fought in US Courts and the Feds want to avoid the courts. And so, to keep her hostage we shouldn't be surprised if the next charge on her has to do with military secrets like providing missile guidance system to NK.

Anything can happen.

Edited by jaish on Tue 05/14/19 02:16 AM

jaish

Thu 05/16/19 09:02 PM

By the laws of the United States of America and:
a) International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA),
b) National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code,

I, DONALD J. TRUMP, President of the United States of America, find that foreign adversaries are increasingly creating and exploiting vulnerabilities in information and communications technology and services, which store and communicate vast amounts of sensitive information,
facilitate the digital economy, and
support critical infrastructure and
vital emergency services,
in order to commit malicious cyber-enabled actions, including economic and industrial espionage against the United States and its people.

To deal with this threat, .....
I hereby declare a national emergency with respect to this threat.

Donald J Trump, May 15, 2019

Already in rough waters Huawei can no longer import around 10 billion dollar worth of critical components; will impact their business.

It appears that Huawei products have the potential for espionage; like Google's location tracker and so the real question is not 'are they guilty of espionage'.

It's probably the combination of 5G tech and the homing in software of in mobile phones that poses 'future military threat'.

The Matrix is here.

Edited by jaish on Thu 05/16/19 09:04 PM

jaish

Sun 05/26/19 09:27 AM

On Tuesday last in London, Huawei launched Honor:

The United States temporarily eased restrictions on Huawei on Tuesday, granting it a licence to buy US goods until August 19, meaning that updates of Google apps like Gmail and YouTube can continue until then.

The other side of the story:

Petrified at the Chinese dominance in the field of 5G - a technology that has the potential to grow from approximately $528 million in 2018 to $26 billion in 2022 at a compound annual growth rate (CAGR) of 118 per cent - Trump has imposed fresh restrictions on Chinese telecom giant Huawei in the US.
This was followed by several American tech giants like Google, Qualcomm and Intel announcing to cut business ties with Huawei.

So in the free trade market, while Tariffs may apply to some products there are those that need to be Sanctioned!

An example of product on which China may apply counter tariff.

Coca-Cola officially broke ground on its 45th production facility in China this week. The $56 million plant in Hebei Province will have a produce up to 250 million unit cases of sparkling and still beverages. Upon completing its construction first phase in 2017, the plant will have four production lines, which will add 100 million unit cases to existing annual production capacity in northern China.

“China is our third-largest market by volume and is critically important to the future growth of our business,” said Coca-Cola Chairman and CEO Muhtar Kent, who spoke at the groundbreaking ceremony.

Edited by jaish on Sun 05/26/19 09:38 AM

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