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America wants to stop the money supply

America wants to stop the money supply

Bad news for Huawei again: the US now wants to deny the Chinese group access to banks. Against the backdrop of repeated espionage allegations, Huawei has classified it as “untrustworthy”.

US plans to divest banks from Huawei

Chinese electronics manufacturer Huawei has been involved for years American sanctions to fight US companies are banned from doing business with Huawei. New cell phones and other items No longer sold in the US. Now US politicians from both camps are striking for the next move: Huawei Loses access to US banks.

So far, it is only a draft law before the US Congress. However, since it was introduced in a non-partisan manner by both Democrats and Republicans, the adoption was only considered a formality. Huawei and other companies are set to be added to the US Treasury Department’s Specially Designated Nationals List. The Chinese team will Effectively excluded from the US financial system.

There are US legislators Already tried in the pastTo limit Huawei’s access to US banks. A similar bill was introduced in 2020 when President Donald Trump was in office.

We last saw the Mate 50 Pro from Huawei:

US: Huawei ‘stealing data from Americans’

According to Republican Senator Tom Cotton, America has already made great progress “Combating Huawei’s Malicious Efforts” 5G dominated the networks. He accused the Chinese manufacturer of “stealing data from Americans.” According to Cotton, Huawei and the Chinese Communist Party should not be allowed access to personal data and the country’s critical security systems.

More from Huawei No comment on the bill Before. At a press conference, Chinese Foreign Ministry spokesman Wang Wenbin said the rights and interests of Chinese companies will be “resolutely protected” (source: Reuters)

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