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China won't take Trump's Huawei ban lying down

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So much for the events surrounding Chinese tech giant Huawei not being important to the U.S.-China "trade issue" -- which is now a much bigger issue.

A bunch of very important American companies are cutting ties with Huawei on Monday after the Commerce Department added the Chinese telecom giant to its restriction list late last week. Implications: 1) U.S. companies restricted from selling to Huawei unless specifically granted a license (waiver) 2) RETALIATION (a lock) 3) supply heads south...demand heads south, and uncertainty.

This can and will have serious consequences for Huawei, the U.S.-China trade talks and much more.

As of Monday morning, some of Huawei's biggest suppliers such as Intel, Qualcomm, Xilinx and Broadcom said they would not supply Huawei........

© Fox Business