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Richard Wolff responds to Trump’s Huawei ban

Summary:
Richard Wolff says that Trump may have seriously damaged the United States long term prosperity by banning Huawei as many non U.S companies may now want to protect themselves from similar action by reducing their business and involvement with the U.S.Huawei will now reduce its reliance on U.S manufactured parts and many other companies are likely to do the same, says Richard Wolff. [embedded content]

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Richard Wolff says that Trump may have seriously damaged the United States long term prosperity by banning Huawei as many non U.S companies may now want to protect themselves from similar action by reducing their business and involvement with the U.S.

Huawei will now reduce its reliance on U.S manufactured parts and many other companies are likely to do the same, says Richard Wolff.


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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