US-China ceasefire since the G20 meeting in Japan ended, the US-China trade war heats up again.
Chinese Goods
US President Donald Trump is planning to slap new tariffs on Chinese goods. The charge is around 10 percent or US $ 300 billion. It will be effective starting September 1.
This could threaten the reprieve promised by the US for Chinese technology companies. It is definitely bad news for Huawei, which since May was on the blacklist.
Reported on CNN.com, analysts at the Eurasia say that it increases the risk of Trump reneging on his promise to save Huawei.
Huawei is getting worse
However, no one knows how long Huawei will be blacklisted. It will receive the impact greater than before or vice versa. Thus, Huawei is getting worse.
However, the company was not yet ready to comment on the new rates that Trump would post. However, the company has admitted that it is very detrimental to its business. Additionally, the sales of smartphones outside of China dropped 40 percent since the tariffs were posted.
The company predicts that it will experience difficulties in the second half of this year and next year.
The ban has prevented companies like Google from supplying the Android operating system and popular applications such as Gmail and Google Maps on Huawei’s latest mobile phones.
Not only Huawei, Donald Trump’s ban actually had an impact on American business companies. Earlier this week, US chip companies such as Qualcomm and AMD posted sales profit plummeting in the last quarter, none other than because they could no longer sell chips to Huawei.
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