Good Articles to Share
Pompeo hints at Huawei ultimatum to countries buying equipment
Secretary of State Michael Pompeo came close to issuing an us-or-them ultimatum to nations buying from Huawei Technology Co, saying in Hungary that contracts with the Chinese networking giant could limit the availability of US equipment.
“If that equipment is co-located where we have important American systems, it makes it more difficult for us to partner alongside them,” Pompeo told reporters in Budapest, when asked what message he would send about Huawei.
“We want to make sure we identify the opportunities and the risks with using that equipment. And then they will get to make their decisions.”
The Shenzhen, China-based telecoms company has made Hungary a key base in Europe, touting investments of US$1.2bil in the country.
The Trump administration, which wants to boost its partnership with Hungary and other central European countries, is warning that nations using Huawei equipment in critical infrastructure could open themselves to security risks.
Pompeo didn’t elaborate on what “important American systems” he was referring to. But the top US diplomat is making push-back against Huawei a key theme of his trip to Europe this week, with additional stops in Poland, Slovakia, Belgium and Iceland. The administration has argued for providers of next-generation mobile gear to rely on US companies such as Cisco Systems Inc.
“They get to make their own decisions with respect to these things,” Pompeo said. “What is imperative is that we share with them the things we know about the risks that Huawei’s presence in their networks present.”
Hungarian foreign minister Peter Szijjarto, in the joint briefing with Pompeo in Budapest, pushed back against criticism that Hungary wasn’t doing enough to counter China’s influence, in particular Huawei.
He noted that Hungary’s trade with China represented 1.2% of the EU’s overall trade with that country and that any cooperation shouldn’t endanger the country’s partnership with the US.
“If you look at the Chinese company which is very often in the news nowadays regarding telecommunications, are they present in Hungary? Yes,” Szijjarto said. “Who are their major contractors? A German and a British company. So when it comes to China, I think hypocrisy should finally be left behind.”
- Bloomberg
More articles on Good Articles to Share
US lawmakers say Hong Kong is becoming hub for financial crime — report
Created by Tan KW | Nov 25, 2024
Germany's Scholz gets backing of party leadership for re-election bid
Created by Tan KW | Nov 25, 2024
Apple’s Cook at CEO summit with Chinese premier as economy sags, Bloomberg reports
Created by Tan KW | Nov 25, 2024
Asean set to unveil Community Vision 2045 at summit in Malaysia next year
Created by Tan KW | Nov 25, 2024
Buffett refines plans for his fortune, donates more Berkshire shares
Created by Tan KW | Nov 25, 2024
Nvidia shows AI model that can modify voices, generate novel sounds
Created by Tan KW | Nov 25, 2024
Discussions
Be the first to like this. Showing 2 of 2 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
3
TA Sector Research
4
Good Articles to Share
What’s behind the slew of restaurant bankruptcies in 2024? Experts unpack the problems
5
M+ Online Research Articles
6
Good Articles to Share
7
MQ Market Updates
8
Good Articles to Share
Four convicted in Spain over homophobic murder that sparked nationwode protests
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
qqq3
govt of liars
2019-02-12 20:25