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Bloomberg
The Trump administration widened its dragnet on Chinese companies barred from selling to the US or buying components from American firms in a push to slow China’s technological advances.
After crippling Huawei Technologies Co, the administration followed up by threatening to cut off US compone- nts or software to five Chinese video surveillance firms. But the plan might backfire, because US companies are so inextricably involved in global technology supply chain.
Concerns over Washington’s punitive measures and possible retaliation by Chine-se rattled markets, hammering chipmakers and Apple Inc. It’s 5G that embodies most of Washington’s fears — by powering a wealth of upcoming technologies from self-driving cars to advanced medical procedures, the new wireless standard is set to be the backbone of the modern economy.