Categories: Market Overview

The US threatens Germany: either Chinese 5G or intelligence sharing

The Trump administration has told the German government it would limit intelligence sharing with Berlin if Huawei Technologies Co. is allowed to build Germany’s next-generation mobile-internet infrastructure.

In a letter to the country’s economics minister, U.S. Ambassador to Germany Richard A. Grenell said allowing the participation of Huawei or other Chinese equipment vendors to participate in the 5G project would mean the U.S. won’t be able to maintain the same level of cooperation with German security agencies.

The letter, which was dated Friday and reviewed by The Wall Street Journal, marks the first time the U.S. has explicitly warned an ally that refusing to ostracize Huawei could lessen security cooperation with Washington. Among others things, European security agencies have relied heavily on U.S. intelligence in the fight against terrorism.

U.S. officials have urged allies for months to bar Huawei and other Chinese companies from critical communication-infrastructure work because of suspicion that these companies might share data with the Chinese government. But the German government says it has seen nothing to indicate that Huawei would use its equipment to spy on its users and that it should therefore be allowed to bid on 5G contracts if it satisfies basic security criteria.

U.S. warns Germany: Don’t use Huawei or we’ll share less intel, MarketWatch, Mar 12

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

GBPUSD Wave Analysis 14 November 2024

- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…

4 hours ago

USDCAD Wave Analysis 14 November 2024

- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…

4 hours ago

The dollar has reached range limits

The US dollar has strengthened, reaching the upper boundary of its trading range. The British…

7 hours ago

Crypto: Tug-of-war at new altitude

Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…

7 hours ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

1 day ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

1 day ago

This website uses cookies