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Trade war

Huawei is 'suffering the most' in US-China trade war, exec says

Rotating chairman tells Davos globalization is not a pursuit of one nation's 'supremacy'

Ken Hu, deputy chairman of  Technologies, spoke at the annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 22.
Ken Hu, deputy chairman of Huawai Technologies, spoke at the annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 22.   © Reuters

DAVOS, Switzerland -- Huawei Technologies Deputy Chairman Ken Hu told a gathering of world business and political leaders on Tuesday that the Chinese telecommunications equipment maker is bearing the brunt of the damage from the trade war between the U.S. and China.

Hu, who also serves as Huawei's rotating chairman, told a panel on digital economy at the annual meeting of the World Economic Forum here that he has seen "a damaging effect on many companies including Huawei" in the trade war. Hu said that Huawei is "probably suffering the most right now."

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