President Trump Declares National Emergency Over Threats Against US Technology

President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.

The move, done via executive order, is expected to precede a ban on U.S. firms doing business with the Chinese telecommunications company Huawei, though the order does not refer to Huawei directly.

The order authorizes the Commerce Secretary Wilbur Ross, in consultation with other top officials, to block transactions that involve information or communications technology that “poses an unacceptable risk to the national security of the United States.”

The announcement has been under discussion for a year. It comes as the U.S and China remain locked in a trade dispute and could escalate tensions between the world’s two largest economies.

The order has been opposed by small rural carriers, who continued to rely on Huawei equipment even after it was largely dropped by the larger telecommunications companies.

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Source: CNBC