May 17, 2019

How the new Huawei ban will affect the U.S.

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

Biden says he's starting VP search this month

Joe Biden. Photo: Scott Olson / Staff

Joe Biden said he's spoken to Sen. Bernie Sanders and former President Barack Obama about selecting a running mate — and that he wants to build "a bench of younger, really qualified people" who can lead the nation over the course of the next four presidential cycles.

Driving the news: Biden spoke about the state of the 2020 race during a virtual fundraiser on Friday night that was opened to pooled coverage.

Trump ousting intelligence community inspector general

Michael Atkinson, inspector general of the intelligence community. Photo: Bill Clark / Getty Images

President Trump notified key lawmakers on Friday that he’s firing Michael Atkinson, the intelligence community's inspector general, who first alerted Congress last September of an "urgent" complaint from an official involving Trump's correspondence with the Ukrainian president.

Why it matters: The move, to take effect in 30 days, comes amid a broader initiative to purge the administration of officials seen as disloyal to the president.

Coronavirus dashboard

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  1. Global: Total confirmed cases as of 10 p.m. ET: 1,097,909 — Total deaths: 59,131 — Total recoveries: 226,106Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 277,828 — Total deaths: 7,406 — Total recoveries: 9,772Map.
  3. Public health latest: The CDC is recommending Americans wear face coverings in public to help stop the spread of the coronavirus. The federal government will cover the costs of COVID-19 treatment for the uninsured, Health and Human Services Secretary Alex Azar said.
  4. 2020 latest: "I think a lot of people cheat with mail-in voting," President Trump said of the 2020 election, as more states hold primary elections by mail. Montana Gov. Steve Bullock said Friday that every county in the state opted to expand mail-in voting for the state's June 2 primary.
  5. Business updates: America's small business bailout is off to a bad start. The DOT is urging airlines to refund passengers due to canceled or rescheduled flights, but won't take action against airlines that provide vouchers or credits.
  6. Oil latest: The amount of gas American drivers are consuming dropped to levels not seen in more than 25 years, government data shows. Trump is calling on the Energy Department to find more places to store oil.
  7. Tech updates: Twitter will allow ads containing references to the coronavirus under certain use cases.
  8. U.S.S. Theodore Roosevelt: Senators call for independent investigation into firing of Navy captain.
  9. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it.

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