US tech firms will likely influence decision on whether to extend Huawei's license, research firm says
Huawei is considered one of the leading names in the race to develop the nascent 5G technology — the next generation of high-speed mobile internet that's expected to be a major factor in the tech industry for years to come. But the company has been facing mounting concerns that its technology could enable China to spy on others through those high-speed mobile networks.
"I'm not in a position to say whether they are a threat or not, but I think the onus is on Huawei to be able to say ... 'No we're not a threat to security,'" Del Prete said.Huawei has been dragged into the trade dispute between the United States and China as both countries race for 5G supremacy.Earlier this month, Trump announced the U.S would put a 10% levy on additional $300 billion in goods imported from China starting Sept. 1.
"I think what the U.S. government is trying to avoid is the consumer feeling this in a significant way," Del Prete said. He explained those tariffs would have a direct impact by raising import costs and increasing average selling price of affected goods. Companies, he said, could struggle to meet seasonal demand for products if the levies disrupt their supply chain. That would leave American consumers dissatisfied if they couldn't buy laptops, phones and other affected items because they were unavailable.
"So, the impact, we think, of extending these tariffs is really to make sure we have a robust Fall buying season," Del Prete said. "That December 15 date is not by accident, in terms of being able to make sure that the component supply chain is flushed through and the consumers can have access to their products."
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