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Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue

June 17, 2019

Editor’s note: Sanctions and tariffs work.

HONG KONG (Reuters) - China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year.

 


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