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Trade war

Trump orders targeted export ban against Huawei

Chinese tech provider says Washington's moves will leave US 'lagging behind in 5G deployment'

Under a listing by the U.S. Commerce Department, Huawei will be banned from accessing American technology. (Nikkei montage/Reuters)

WASHINGTON/NEW YORK -- U.S. President Donald Trump on Wednesday signed an executive order that prohibits U.S. companies from using foreign information technology and services deemed a national security risk, paving the way for a total ban on doing business with Chinese telecom company Huawei Technologies.

The move significantly ratchets up American pressure on China on at least two fronts -- security and trade. Beijing earlier this month reneged on concessions it had made during five months of trade negotiations with the U.S.

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