WSJ News Exclusive | China May Retaliate Against Nokia and Ericsson If EU Countries Move to Ban Huawei
www.wsj.com
Beijing is considering retaliating against the Chinese operations of two major European telecommunication-equipment manufacturers, Nokia and Ericsson, should European Union members follow the lead of the U.S. and U.K. in barring China’s Huawei from 5G networks.
  • ☆ Yσɠƚԋσʂ ☆OP
    3•4 years ago

    I don’t think EU would want to sour the relations too much with China’s being second biggest. Also, looks like Brexit is working out well. UK could’ve lobbied against Huawei, but now they can’t say shit since they’re not in EU anymore.

      • ☆ Yσɠƚԋσʂ ☆OP
        3•4 years ago

        At the end of the day, the world economy is built on trade, with US being the biggest trading partner for EU and Canada. Many recent developments clearly point to an imminent collapse of US economy. It was already on the rocks before the pandemic with the looming banking crisis that’s expected to to eclipse 2008 levels.

        Now, that’s being accelerated by the pandemic and the oil price crash the pandemic caused. There are 40 million unemployed already with no economic recovery in sight. This is also expected to trigger the rental crisis as millions of people won’t be afford to pay rent, which translates to landlords not being able to pay their own fees. This will likely trigger massive foreclosures and bankruptcies feeding into the banking crisis problem. The pandemic is also destroying many businesses since people can’t afford to spend money on anything but necessities. And we haven’t even entered the summer disaster season yet. Thanks to global warming, US is now experiencing multiple large scale natural disasters every year, such as the Huston flooding last year. Add that to all the existing problems, and you have a giant clusterfuck on your hands.

        When US suffers an economic crash, then it’s going to leave a huge void for EU and Canada that’s going to need to be filled or our economies will crash as well. China is one of the few countries that can actually fill this void right now. Both EU and Canada have been very careful not to criticize China too strongly despite US insistence. I imagine that the politicians are hedging their bets right now waiting to see how bad things get in US, so countries like Norway are still playing along. Once it’s clear that US is collapsing then I expect everybody to become a lot friendlier towards China.

          • ☆ Yσɠƚԋσʂ ☆OP
            4•4 years ago

            Yeah, that’s a very good point. Shutting China out technologically encourages them to start developing their own tech instead of relying on US companies. The Huawei fiasco also showed the whole world how dangerous it is to rely on US tech since they can stop you from using it if you become competitive with them. I expect that we might see a tech split between US and China going forward. If US becomes insular and China continues investing in open standards than it’ll make a lot of sense for Europe to collaborate with China more closely on technology.

            This move on the part of US is a colossal act of stupidity and short shortsightedness in my opinion. It achieves a very short term pain for China, but will result in a long term strategic loss for US.