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Huawei founder Ren Zhengfei struck a defiant tone Tuesday against American attempts to block his company's global ambitions, saying the US "underestimates" the telecom giant's strength.

Here

I can definitely see that trade deal happening, yep. Meanwhile, tech stocks fall.

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Apparently Huawei underestimates Trump resolve and determination on securing U.S. national security.

https://www.whitehouse.gov/presidential-actions/executive-order-securing-information-communications-technology-services-supply-chain/

Executive Order on Securing the Information and Communications Technology and Services Supply Chain

Issued on: May 15, 2019

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code,

I, DONALD J. TRUMP, President of the United States of America, find that foreign adversaries are increasingly creating and exploiting vulnerabilities in information and communications technology and services, which store and communicate vast amounts of sensitive information, facilitate the digital economy, and support critical infrastructure and vital emergency services, in order to commit malicious cyber-enabled actions, including economic and industrial espionage against the United States and its people. 

I further find that the unrestricted acquisition or use in the United States of information and communications technology or services designed, developed, manufactured, or supplied by persons owned by, controlled by, or subject to the jurisdiction or direction of foreign adversaries augments the ability of foreign adversaries to create and exploit vulnerabilities in information and communications technology or services, with potentially catastrophic effects, and thereby constitutes an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States. 

This threat exists both in the case of individual acquisitions or uses of such technology or services, and when acquisitions or uses of such technologies are considered as a class.  Although maintaining an open investment climate in information and communications technology, and in the United States economy more generally, is important for the overall growth and prosperity of the United States, such openness must be balanced by the need to protect our country against critical national security threats. 

To deal with this threat, additional steps are required to protect the security, integrity, and reliability of information and communications technology and services provided and used in the United States.  In light of these findings, I hereby declare a national emergency with respect to this threat.  ...

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Aligned with President on this one. A messy enforcement. The fundamental challenge isn't China, it's the behavior of Western corporations.

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Good read:

Huawei To Hell?

... We're all familiar with Russia's ability to turn off the gas to Europe and how that provides them leverage, but few seem to think of the technology aspect of what 5G networks mean on a geopolitical scale.

And so here we are as the Americans finally seem to have seen what was in front of them for so long and they've now sent a very blunt message to the Chinese: "Hell, no! Enough is enough, folks!" ...

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