Huawei doesn't expect to become targeted by the United States as Washington's trade war with Beijing continues gaining momentum, its rotating Chairman Ken Hu said in a recent statement provided to French publication Le Journal du Dimanche. The world's two largest economies imposed a 25-percent tariff on $34 billion worth of each other's goods last Friday, with the U.S. government being expected to follow up on the move by burdening another $16 billion of imports from the Far Eastern country later this summer.
Beijing harshly criticized the current state of affairs, stating that no party wins in a trade war and vowing to respond to every new tariff wave from the U.S. in an identical manner so as to protect its economic interests. President Trump repeatedly called the trade relations with China unfair, pledging to lower the trade deficit between the two countries. While Washington primarily targeted Chinese technologies and related intellectual properties, Chinas' response to its tariffs was more diversified, penalizing American agricultural imports, vehicle parts, and a broad range of other goods. Huawei isn't as reliant on U.S. hardware as ZTE is, which is why the latter found its operations entirely crippled after the Commerce Department hit it with a denial order over trade embargo violations this spring, but the largest telecom equipment manufacturer in the world still wants to utilize "the best technologies" in its products, Mr. Hu said. That approach will see it continue buying U.S. chips this year, irrespective of any tariffs or other burdens, according to the executive.
Huawei itself has been having issues with the U.S. government, lawmakers, and American companies for nearly two decades now and is still unable to conduct business in the country on any significant scale due to national security concerns it repeatedly claimed were baseless. The company is now turning its international focus to Europe, both in terms of consumer electronics and wireless ambitions.