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What's Next: US-China
Escalation: President Trump is considering an executive
order to block China's Huawei and ZTE from selling smartphones in the
United States, two sources familiar with the White House's thinking
tell me, confirming a WSJ report.
The threat comes as US and Chinese officials meet in Beijing
for highly anticipated trade talks.
How to Read It: The campaign against China's
biggest telecom companies appears to be intended to create a climate of
uncertainty in both countries. Threats against Huawei and ZTE bolster
the perception that the White House is acting tough on China while
making it harder for AT&T, Verizon and others to do business with
those companies.
The Big Picture: The pressure on Chinese
tech and telecom, including tariffs targeting China's ambitions in
robotics, electric cars and computing, will not slow the country's
rise as a technological super power, analysts tell my
colleague Sherisse Pham.
Bonus: Xiaomi, one of the world's biggest
smartphone makers, has filed for an IPO
in Hong Kong and is looking to raise $10 billion.
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