United States

US President signs an executive order barring US firms from using foreign telecom gear that poses security risk

Washington, DC (CNN Business)President Donald Trump signed an executive order on Wednesday barring US firms from using telecom gear from sources the administration deems national security threats. The decision risks escalating tensions with China as the two nations clash over whether Huawei — the world's largest provider of telecommunications equipment — poses a spying risk to Western infrastructure networks.White House officials declined to identify China and Huawei as the intended target of the executive order. However, shortly after the order was issued, the Commerce Department formally added Huawei to the list of companies the U.S. government considers to be undermining American interests. By adding Huawei to the so-called Entity Li ...