Trump administration sanctions against Huawei have begun to bite even though their dimensions remain unclear. U.S. companies that supply the Chinese tech powerhouse with computer chips saw their stock prices slump Monday, and Huawei faces decimated smartphone sales with the anticipated loss of Google’s popular software and services.
The U.S. move escalates trade-war tensions with Beijing, but also risks making China more self-sufficient over time.
Here’s a look at what’s behind the dispute and what it means.
WHAT’S THIS ABOUT?