US tries to squeeze Huawei out of Brazil’s 5G network development | WHAT REALLY HAPPENED

US tries to squeeze Huawei out of Brazil’s 5G network development

Brazil has become the latest battleground in the US tech war against Beijing, with the Trump administration offering the South American country lucrative financing to shift away from China’s Huawei when developing its 5G networks.

On Tuesday, an American delegation led by National Security Advisor Robert O’Brien signed a new agreement with Brazil during a four-day visit to the country. The deal, sponsored by the Export-Import Bank of the United States (EXIM), is aimed at strengthening economic cooperation between the two sides and promoting US exports in various sectors, especially in the telecommunications area and 5G, according to O’Brien.

“Under the agreement, EXIM and Brazil agree to explore and identify potential opportunities for EXIM financing in a total aggregate amount of up to $1 billion,” EXIM said in a statement.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA