France has full confidence in Huawei: expert
United States increased additional tariffs on 200 billion U.S. dollars worth of Chinese imports from 10 percent to 25 percent, and has threatened to raise tariffs on more Chinese imports.
(Reuters) - Huawei is advanced in the field of communications technology and France has full confidence in Huawei, said a French expert in international relations and economics.
Sylvie Matelly, deputy director of French Institute for International Relations, a Paris-based think tank, made the comment when giving interview to China Central Television (CCTV) on Thursday in Paris.
The U.S. has imposed restrictions on trading with the Chinese telecoms giant Huawei. Regarding the U.S. ban on Huawei, French President Emmanuel Macron said France will not block Huawei and will allow the construction of its 5G network infrastructure.
Matelly said, "It is obvious that Europe does not follow the United States and does not limit the development of Huawei. Because we believe that the 5G era will bring us more jobs and wealth. At present, Huawei is in a very advantageous position on the world stage. They have their own market and no American company can compare with it. Therefore we have confidence in Huawei. Just like the United Kingdom, we France as well need to rapidly develop this technology (5G) and our communication networks. So whoever has the advantage in this field should take the job."
Earlier this month, the United States increased additional tariffs on 200 billion U.S. dollars worth of Chinese imports from 10 percent to 25 percent, and has threatened to raise tariffs on more Chinese imports.
Matelly believes this move by the U.S. government undermines the current free trade framework of the world s economy and hinders the overall development of the world economy.
"The United States has spent huge sums of money to protect its own economic interests. But it s not worth paying such a high price. In other words, the growth of the U.S. economy is actually driven by its own people. People get the money and spend it. But if one day they ve spent it all, the consequences of the trade war in the U.S. will begin to surface," she said.
