On Wednesday, President Donald Trump has declared a National Emergency in the United States. He has also signed an executive order excluding the US-based firms from using telecom equipment made by firms considered to cause a “national security risk”.
This order offers President Trump the power to generate interstate trade under the International Emergency Economic Powers Act, claims source.
A statement issued by the White House declares, “Today, President Trump signed an Executive Order entitled ‘Securing the Information and Communications Technology and Services Supply Chain’ as part of his commitment to protecting the information and communications technology and services of our Nation.”
Besides this, the release mentions that the US President has protected the country from “foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities in information and communications technology infrastructure and services in the United States,” by consigning the order.
This order was issued after Canada Authority has detained Chinese telecom giant Huawei’s Chief Financial Officer Meng Wanzhou from Vancouver in 2018. She is expected to expel to the United States, where there are charges against Ms. Wanzhou on accused violations of the US sanctions against Iran.
The statement further reads, “This Executive Order declares a national emergency with respect to the threats against information and communications technology and services in the United States and delegates authority to the Secretary of Commerce to prohibit transactions posing an unacceptable risk to the national security of the United States or the security and safety of United States persons.”
The latest report came amidst the escalating trade disputes between China and the United States. Washington has forced fresh tariff hikes on Chinese goods amounts to USD 200 billion, reported that Beijing had backed out the trade deal as it approach fruition. Replying to it, China has also announced its intent to increase tariffs on United States’ products, applicable from June 1.