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Chinese Tech Giant Huawei Admits Trump-Era Policies Hurt Profits

Huawei founder Ren Zhengfei reportedly circulated a memo last month asking employees of the gigantic telecom company to “speak freely” and volunteer their ideas for helping the company adjust to a law passed during the Trump administration that largely banned Huawei from U.S. markets.

A Huawei logo is displayed at a retail store in Beijing on May 20, 2019. - US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said it was beginning to cut ties with China's Huawei, which Washington considers a national security threat. (Photo by …