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The 10 Top News Stories Of 2019 (So Far)

Cloud outages, the JEDI cloud contract controversy, blockbuster vendor and channel acquisitions, the rise of Everything-as-a-Service and a wave of attacks against MSPs are among the top news stories so far in 2019.

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8. Huawei At The Center Of U.S.-China Trade Dispute

The U.S.-China trade skirmish is one of the biggest economic news stories of 2019. While many IT companies have been caught up in the tariff tiff—President Donald Trump recently tweeted that he would not grant Apple a tariff waiver for MacPro parts manufactured in China, for example—Chinese tech giant Huawei was often in the middle of the deteriorating U.S.-China trade relationship.

Early in the year the U.S. Department of Commerce blacklisted Huawei from buying components and software from U.S. tech companies like Qualcomm and Microsoft. The Chinese manufacturer of networking equipment and mobile devices said that could cost the company as much as $30 billion in lost revenue over the next two years. The company is also the subject of proposed legislation in the U.S. House of Representatives and U.S. Senate that would prevent U.S. companies from selling technology to Huawei.

Last year Trump signed into law Section 889 of the National Defense Authorization Act, which blocks federal agencies and their contractors from procuring Huawei's telecommunications equipment and services. This year the Trump administration has taken that a step further by trying to convince allied countries to do the same. In March Huawei sued the U.S. government over the ban, calling it "unlawful."

In January the U.S. Department of Justice filed formal criminal charges against Hauwei including theft of trade secrets conspiracy and obstruction of justice. A separate 13-count indictment against Huawei and Chief Financial Officer Meng Wanzhou—daughter of Huawei founder Ren Zhenfei—including charges of bank fraud, wire fraud, conspiracy to commit money laundering and violation of the International Emergency Economic Powers Act.

In addition to all this, in December CFO Meng was detained in Vancouver, Canada, on U.S. charges for allegedly defrauding multiple financial institutions in breach of U.S.-imposed sanctions on doing business with Iran. Meng remains in Canada with extradition hearings scheduled for 2020.

 
 
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