U.S. telecoms prepare for Huawei ban

|About: Telefonaktiebolaget LM Eri... (ERIC)|By:, SA News Editor

Paving the way for a ban on doing business with China's Huawei, President Trump is expected to sign an executive order this week barring American companies from using telecom equipment made by firms posing a national security risk, Reuters reports.

The order would invoke the International Emergency Economic Powers Act and comes at a delicate time in relations between Beijing and the Washington, with the two ratcheting up tariffs over what U.S. officials call China's unfair trade practices.

Related: Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC)

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