When it comes to business, the USA is that country which dominates most of the major industries like Tech, manufacturing sectors, etc. However, being a superpower, it enjoys a monopoly over other countries since it can dominate other countries or companies businesses. It seems like something like that is happening because US administration is trying their best to stop Huawei and its growth by banning its products. Now recently while giving an interview CEO of Huawei Ren Zhengfei said US by putting pressure on Huawei is indirectly damaging its reputation. Huawei is that Chinese tech company which received lots of criticism from Trump administration and they have made some severe allegations like stealing trade secrets of US-based companies.
Trump has been telling US-allied countries that it’s necessary for security purpose to stop Huawei’s 5g technology and some states have even put restrictions on Huawei’s 5g enabled products. Huawei, on the other hand, denied all such allegations and filed a lawsuit against USA for giving a bad treatment. If we look into current situation, then all of these happening is because of trade war between China-USA.
Trump is trying his best to make sure that US gets ahead of its rival and to do that his administration has targeted Huawei who allegedly is unsafe from a users security point of view. According to trump administration, Huawei’s products are used by the Chinese government to get the data of global users, but Huawei’s executives have denied all of these allegations. The US is one of the largest economies in whole world, and now Huawei’s CEO thinks treatment which Huawei is getting from United States is unfair. Now after seeing this issue many Asian investors won’t come in United States for creating and settling their businesses.