Economy

Trump moves to block China Mobile from United States market

Trump moves to block China Mobile from United States market

Meanwhile, on Friday, as part of the ongoing trade spat between the United States and China, the two giants are expected to introduce further tariffs on each other's goods.

"Therefore, the Executive Branch of the USA government, through the National Telecommunications and Information Administration pursuant to its statutory responsibility to coordinate the presentation of views of the Executive Branch to the FCC, recommends that the FCC deny China Mobile's Section 214 license request".

He added the department's National Telecommunications and Information Administration recommended the Federal Communications Commission turn down China Mobile's application to offer voice traffic between the U.S. and other countries.

The move by US President Donald Trump's administration on China Mobile comes amid growing trade frictions between Washington and Beijing.

The National Telecommunications and Information Administration (NTIA), an agency under the US Department of Commerce, said China Mobile posed a security risk in its recommendation that the Federal Communications Commission (FCC) deny the Hong Kong-listed network operator's application to build its own infrastructure and provide consumer and corporate telecommunications services in the US. China Mobile isn't commenting, but Chinese foreign ministry spokesman Lu Kang is, suggesting the USA "abandon Cold War thinking and zero sum games".

Reacting to research by The Wall Street Journal that has shown ZTE's management overhaul may not be as dramatic as first thought, Mr Rubio last week questioned why the Trump administration was continuing negotiations with the Chinese firm.

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FILE PHOTO: A security guard uses his mobile phone in front of a China Mobile store in Guangzhou, Guangdong province February 10, 2014. For example, Huawei has been effectively banned from the wireless equipment and phone business in the United States, while the Trump administration moved against ZTE's business ties with USA companies.

While ZTE has been hit hard by the ban as nearly a third of the components used in its equipment come from USA suppliers, China Mobile, according to an analyst, will not be hurt much if blocked since it derives most of its income from home.

China Mobile's shares fell 2.6% on Tuesday morning to their lowest in more than four years.

China Mobile Communications Corp, a state-controlled firm, owned nearly 73 percent of China Mobile as of December, according to Thomson Reuters data. American lawmakers had previously identified ZTE Corp and Huawei Technologies, two of the world's biggest telecoms equipment manufacturers, as companies that posed risks to national security because of alleged ties to the Chinese government.

In its recommendation, the NTIA said its assessment "rested in large parts on China's record of intelligence activities and economic espionage targeting the United States", along with China Mobile's size and technical and financial resources.

China and the US continue to spar over larger trade issues, raising concerns of a looming global trade war.


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