Thursday, 4 July 2019

UPDATE 1-U.S. asks federal court to throw out Huawei lawsuit

UPDATE 1-U.S. asks federal court to throw out Huawei lawsuitThe U.S. government filed a motion on Wednesday asking for the dismissal of a lawsuit by Chinese telecommunications giant Huawei Technologies Co Ltd that claimed the United States had acted illegally when it blacklisted Huawei's products. Huawei sued the U.S. government in early March, in a complaint filed in federal court in Texas, saying that a law limiting its American business was unconstitutional. The company has been a component of the ongoing trade war between the U.S. and China that has hung over financial markets, with President Donald Trump recently agreeing to loosen restrictions on Huawei after meeting with Chinese President Xi Jinping at the Group of 20 summit.




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