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Huawei Says American Ban To Cost $30 Billion

Video Credit: Wochit Business - Duration: 00:51s - Published < > Embed
Huawei Says American Ban To Cost $30 Billion

Huawei Says American Ban To Cost $30 Billion

Shenzhen, China (CNN Business)The founder and CEO of Chinese tech giant Huawei said the company will miss revenue forecasts by about $30 billion over the next couple of years and he blamed a US campaign against its business.

The Trump administration delivered a huge blow on May 16, when it added Huawei to a blacklist that bars US companies from selling it technology without first obtaining a license to do so.

Huawei became the world's largest telecommunications equipment maker and the No.

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Huawei Says American Ban To Cost $30 Billion

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