Huawei sues FCC in a fight for access to U.S. market

in #stockmarkets4 years ago

Huawei sues FCC in a fight for access to U.S. markets

Huawei Technologies Co. has sued the Federal Communications Commission in a fight to overturn a regulatory decision that would pry Chinese corporations away from its last major American clients.

China s largest technology company said that it had filed the lawsuit with the Fifth Circuit Court of Appeals which challenged the American agency s decision to bar the use of federal subsidies by rural carriers purchasing its equipment. Huawei complained that it wasn t accorded due process and was unfairly labeled a national security threat.

The lawsuit is the latest attempt by Huawei to fight American sanctions and curbs against their business. Huawei, which the White House accuses of aiding Beijing in espionage, is stepping up a worldwide legal and publicity campaign to protest what it deems unfair treatment by the U.S. and its allies.

 The U.S. is great because it embraces openness, inclusiveness and the rule of law,  Chief Legal Officer Song Liuping told reporters at a briefing in Shenzhen on Thursday.  If it abuses its power, the ultimate loser may be itself. 

https://maxitrade.com/en/huawei-sues-fcc-in-a-fight-for-greater-u-s-market-access

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