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UPDATE 4-Huawei fights back against US black out with Texas lawsuit [Reuters]

ZTE CORP UNSP/ADR (ZTCOY) 
NASDAQ:AMEX Investor Relations: zte.com.cn/global/about/investorrelations
Company Research Source: Reuters
Huawei fights back against US black out with Texas lawsuit | Reuters 6 Min Read HONG KONG/WASHINGTON (Reuters) - Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday saying a law limiting its U.S. business was unconstitutional, racheting up its fight back against a government bent on closing it out of global markets. Huawei said it had filed a complaint in a federal court in Texas challenging Section 889 of the National Defense Authorization Act (NDAA), signed into law by U.S. President Donald Trump in August, which bars federal agencies and their contractors from procuring its equipment and services. The lawsuit marks the latest confrontation between China and the United States, which spent most of 2018 slapping import tariffs on billions of dollars worth of each other’s goods. The year ended with the arrest of Huawei’s chief financial officer (CFO) in Canada at U.S. request, to the consternation of China. Long before Trump initiated the trade war Show less Read more
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