Although the Trump administration granted a three-month reprieve yesterday allowing some U.S companies to continue doing business with Huawei, the gesture apparently did little for founder Ren Zhengfei — who said his company had been ready to be blacklisted. In an interview with Chinese state media yesterday, the 74-year-old said the U.S. effort to block Huawei from its mobile networks “underestimates our strength.”

Why the reprieve? Besides giving American companies time to adjust, some say the move could also help bring Washington’s allies on-side in the campaign to remove Huawei from networks around the world.

Sourced through Scoop.it from: www.ozy.com