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Stock impact report

Economic sanctions on Huawei could backfire on US firms [FOX Business Network]

Skyworks Solutions, Inc. (SWKS) 
Last skyworks solutions, inc. earnings: 1/23 04:01 pm Check Earnings Report
Economic sanctions on Huawei could backfire on US firms Image 1 of 2 ? A woman walks past advertisement for Huawei smartphones in Beijing on Thursday, May 16, 2019. 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 subjecting the Chinese company to strict export controls. (AP Photo/Ng Han Guan) The Trump administration's decision to restrict all U.S. technology sales to Chinese telecommunications powerhouse Huawei for national security reasons doesn't just up the ante in the China trade war. Continue Reading Below It's also bound to hurt U.S. suppliers and accelerate Beijing's drive toward greater technological independence. The White House issued an executive order Wednesday apparently aimed at banning Huawei's equipment from U.S. telecom networks and information infrastructure. It then announced a more potent and immediate sanction that subje Show less Read more
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