Cold War 2.0 advances as silicon curtain descends

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Via Bloomie:

Secretary of State Michael Pompeo came close to issuing an us-or-them ultimatum to nations buying from Huawei Technology Co., saying in Hungary that contracts with the Chinese networking giant could limit the availability of U.S. equipment.

“If that equipment is co-located where we have important American systems, it makes it more difficult for us to partner alongside them,” Pompeo told reporters in Budapest on Monday, when asked what message he would send about Huawei. “We want to make sure we identify the opportunities and the risks with using that equipment. And then they will get to make their decisions.”

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.