Huawei revenue will decline by $30 billion in two years due to U.S. ban

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“We cannot get components supply, cannot participate in many international organizations, cannot work closely with many universities, cannot use anything with U.S. components, and cannot even establish connection with networks that use such components,” he added during the panel discussion.

On May 16, the Trump administration added Huawei to the Entity List of foreign companies deemed to undermine the foreign policy or national security interests of the United States.

According Ren, American businesses have nothing to do with Huawei’s current situation as a “badly damaged plane.”  He said pointed out that certain politicians’ different perspectives did it to the Chinese telecommunications giant.

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Furthermore, he emphasized that China and the United States will both suffer from the ban against Huawei. He said, “I think both sides will suffer. No one will win.”

Last week, Huawei once again petitioned the Federal Communications Commission (FCC) to remove the ban.