Admission finally …of the anticipated damage to Huawei’s bottomline!
U.S. businesses will be hit, too, by the trade war, but as they get around 50% of their revenues from within the country, the impact will be less.
So, they will be able to cope better than China with a downturn. An affluent population gives them further cushion.
Moreover, it’s time consumers worldwide prioritised high-quality, not cheap, products and supported innovation, not imitation.
This is not about Huawei, but about products on a broader scale selling on price.
Also, national security is not to be trifled with. The issue here is not about technology vulnerabilities being common with solutions from every vendor. What is at stake is the suspected company-Government nexus.
G Joslin Vethakumar