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US ban will cost Huawei $30 billion worth revenues

Nabanita Dutta

News Editor

According to the founder and CEO of Huawei, the company will face a $30 billion worth revenue loss over the next couple of years, due to the US campaign against its business. The US feared that Huawei could use its equipment to spy on America and to stop that from happening, it imposed a ban on Huawei and its upcoming superfast 5G network in the US and other allies. This is also one of the flashpoints of the US-China trade war.