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Photo: Jaap Arriens/NurPhoto via Getty Images

Industries began tallying up the likely costs of President Trump's latest executive orders this week targeting Huawei, the Chinese telecom manufacturer that sits at the center of the U.S./China trade dispute, after Trump essentially barred all U.S. telecommunications firms from using its equipment and blocked it from access to U.S.-made goods.

The impact: Major U.S. telecoms don't use Huawei equipment, but roughly a quarter of smaller rural network providers do, according to a Financial Times story, and those companies may have to spend millions to replace those devices.

  • The Huawei ban could also make it even harder to bring 5G networks to less heavily populated U.S. regions.
  • In preparation for the likelihood of the U.S. shutting off its access to parts, Huawei "has been stockpiling critical U.S. components for almost a year," the South China Morning Post reports.
  • With those moves, analysts suggested, Huawei can probably buy itself up to a year's time to build a supply chain to provide alternatives to the key U.S. components it obtains from companies like Intel and Qualcomm, per SCMP.

Go deeper: Trump may stop Huawei in U.S., but the underseas cable race continues

Go deeper

Journalism enters dangerous new era

Illustration: Brendan Lynch/Axios

The Capitol attack on Jan. 6 resulted in at least nine physical assaults against journalists and at least five arrests, per the U.S. Press Freedom Tracker's top editor.

Why it matters: President Trump's harsh rhetoric towards the press has empowered leaders abroad and locally in the U.S. to continue to attack press that they don't like.

Ben Geman, author of Generate
3 hours ago - Politics & Policy

The beginning of the beginning for Biden's climate push

Illustration: Annelise Capossela/Axios

Joe Biden's inauguration and the days right after will bring a rat-tat-tat burst of climate policy moves, but keep this in mind amid the splashy pledges: pushing through most of his agenda will be a long, uncertain slog.

Why it matters: Biden's climate plan is far more expansive than anything contemplated under President Obama. But for all the immediate pledges, it will take years to see how far Biden gets.

Dion Rabouin, author of Markets
4 hours ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.