Huawei Hit by US Export Controls, Potential Import Ban

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The current potential penalties for US sanctions and export control violations are as follows: Criminal : Up to $1 million in fines and/or 20 years in prison, per violation; Civil (imposed on a strict liability basis and adjusted annually for inflation):

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Huawei hit by US export controls, potential import ban. apparently aimed at banning its equipment from U.S. networks and said it was subjecting the Chinese company to strict export controls. Huawei would be the largest business ever subjected to the controls, a law enforcement measure that.

WASHINGTON (AP) – President Donald Trump is issuing an executive order to help protect the United States against foreign adversaries that are taking advantage of technological vulnerabilities to.

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Huawei would be the largest business ever subjected to the controls, a law. in tit-for-tat trade war with Trump by imposing tariffs on $60bn of US goods. yet more expensive alternatives”, which would hurt companies and.

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The Huawei ban is similar to the use of international export controls during the Cold War designed to limit the Soviet Union’s acquisition of western technology. A U.S. and allied group called the Coordinating Committee for Multilateral Export Controls, known as Cocom, effectively squeezed moscow and its satellites from gaining valuable technology.

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In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from U.S. networks and said it was.

President Donald Trump indirectly targeted China’s Huawei Technologies with a presidential order signed last week blocking telecommunications companies linked to foreign adversaries from selling equipment to U.S. firms. The post Trump Hits Huawei With Export Controls appeared first on Washington Free Beacon.

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