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Rick Sanchez – Trump Threatenes UK: Quite Huawei Or Else!

Summary:
Trump administration has banned Huawei saying the company could spy on Americans. The CEO of Huawei has offered to sign a no spy agreement with the UK, but Google and Apple refuse to sign such an agreement. Rick Sanchez says the US is just trying to destroy competition.As I mentioned here before, because of the lack of US regulations setting standards in the telecom industry its tech industries have been scared to invest too much. China and Europe have led the way because they have a government fixed standard which means their companies feel it's safer to invest in the new 5G technology. [embedded content]

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Trump administration has banned Huawei saying the company could spy on Americans. The CEO of Huawei has offered to sign a no spy agreement with the UK, but Google and Apple refuse to sign such an agreement. Rick Sanchez says the US is just trying to destroy competition.

As I mentioned here before, because of the lack of US regulations setting standards in the telecom industry its tech industries have been scared to invest too much. China and Europe have led the way because they have a government fixed standard which means their companies feel it's safer to invest in the new 5G technology.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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