The Trump administration is unveiling a set of actions against Chinese telecom giant Huawei, which has officials in Beijing fuming.
that gives the government authority to block transactions that involve information or communications technology that "poses an unacceptable risk to the national security of the United States."
In a statement to CNBC on Thursday, Huawei said that further moves to block it from the U.S. market could have a damaging impact on America's 5G development. "Restricting Huawei from doing business in the US will not make the US more secure or stronger; instead, this will only serve to limit the US to inferior yet more expensive alternatives, leaving the US lagging behind in 5G deployment, and eventually harming the interests of US companies and consumers," the statement said. "In addition, unreasonable restrictions will infringe upon Huawei's rights and raise other serious legal issues.
. Washington wants to ensure China has as little influence as possible globally, and trying to block Huawei and its rival ZTE is a key part of that strategy.
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