Huawei is already responding to reports that the Trump administration plans to ban U.S. government agencies from doing business with the company and other embattled Chinese technology firms.
While the administration has not made an announcement yet, the rule would be the latest move by the White House against Huawei. The Chinese tech giant was deemed to be a threat to U.S. national security in May and has since been a central component of the ongoing trade dispute between the U.S. and China.
In a statement Wednesday, Huawei said a ban "will do nothing to ensure the protection of U.S. telecom networks and systems and rather is trade barrier based on country-of-origin, invoking punitive action without any evidence of wrongdoing."
It appears that the prohibition will be implemented under the National Defense Administration Act (NDAA) of 2019, which was signed into law last year and mandated that the federal government cease business with Chinese technology firms that pose security risks. In addition to Huawei, this also included ZTE and Hikvision, among others.
CNBC first reported on the ban Wednesday, citing a spokesman for the White House's Office of Management and Budget, Jacob Wood, who said that the Trump administration "will fully comply with Congress on the implementation of the prohibition of Chinese telecom and video surveillance equipment, including Huawei equipment."
The ban is set to go into effect on August 13, way ahead of the August 2020 compliance deadline stated in the NDAA, according to CNBC.
"The news today was not unexpected as it is the continued promulgation of the rules laid out by the" NDAA, Huawei said, adding that the company will continue to challenge the constitutionality of the ban in federal court.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
