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US-China trade dispute causes anxiety worldwide in '19

Huawei Telecommunication Equipment Company
Huawei Telecommunication Equipment Company

KUWAIT, Dec 27 (KUNA) --

The US and China had been engaged in a trade dispute that caused anxiety around the globe, with the two economic giants locked on a conflict that had far-reaching impacts.

Following are major events associated with the US-China trade war.

Jan 29: The United States Justice Department accused Huawei with a series of federal crimes, the latest turn in an American crackdown on the embattled tech company.

Feb 7: Huawei sat over USD two billion to solve the British issues about spying for China.

March 7: Huawei drops a lawsuit against the US government after Washington banned the FBI from using its networking equipment.

May 1: UK Defense Minister Gavin Williamson has been fired over a leak about the National Security Council's meeting to discuss Huawei's issues.

May 15: U.S. President Donald Trump declares national emergency over threats against US technology amid campaign against Huawei.

May 20: Google cuts off Huawei phones from getting future Android's updates.

May 22: ARM Company cuts ties with Huawei after the US ban.

May 23: Both Panasonic and Toshiba halted business with Huawei after the US sanction.

June 17: Huawei dropped 40% from its revenue after US ban.

June 29: US considered banning Huawei's businesses.

Aug 6: The China's yuan dropped to its lowest level in 11 years against the US dollar.

Aug 19: US set to give Huawei another 90 days to buy from American suppliers.

Aug 23: Trump announced 10 percent tariffs on USD 300 billion of Chinese goods.

Aug 24: Trump ordered US companies to leave China after its tariff raise on American goods.

Sept 1: The Trump administration triggered tariffs on Chinese imports.

Sept 5: China and the United States agreed to hold high-level talks in early October.

Dec. 2: China announced sanctions on a number of US NGOs, including Human Rights Watch, after Washington approved a law on protection of human rights and democracy in Hong Kong.

Dec. 4: US federal telecommunication regulator imposed restrictions on mobile service providers in rural areas, banning them from buying equipment from China's Huawei.

Dec. 5: Huawei filed a law suit against the US which considered the Chinese company a threat to the American national security.

Dec. 7: President Trump called on the World Bank to stop loans to China.

Dec. 13: Trump said the US reached a first phase trade agreement with China, according to which Washington would suspend additional custom tariffs on Chinese goods and reduce other duties in return of Beijing's purchasing of more American agricultural products.

Dec. 15: China suspended additional duties on some American products.

Dec. 18: Huawei announced a plan to manufacture equipment and spare parts in Europe to evade US sanctions.

(end) eng