Business leader warns on cost of ban

The head of the US-China Business Council, whose members include major US chipmakers that are suppliers to Huawei Technologies Co Ltd, said that the ban on the Chinese telecom giant would come at a cost to US businesses, and that fair engagement across technologies would be better than decoupling.

US President Donald Trump, in the name of "national security", signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affiliates on an Entity List, which would restrict the sale or transfer of US technologies to the company.

Craig Allen, president of the council, said many of its members are suppliers to Huawei, and all of them have been impacted by the Department of Commerce's move.