Trump declares a national emergency, which could set up a huge blow to China's Huawei

• President Donald Trump declared a national emergency over "threats against information and communications technology and services" in the US.
• The executive order, signed Wednesday, is expected to precede a ban on US firms doing business with the Chinese telecommunications giant Huawei.
• The Justice Department charged Huawei and its US affiliate with theft of trade secrets conspiracy, attempted theft of trade secrets, seven counts of wire fraud, and one count of obstruction of justice earlier this year.
• The US is also pushing other countries not to use Huawei's equipment in 5G networks, calling it "untrustworthy."

President Donald Trump signed an executive order Wednesday declaring a national emergency over "threats against information and communications technology and services" in the US.

"Today, President Donald J. Trump signed an Executive Order entitled 'Securing the Information and Communications Technology and Services Supply Chain' as part of his commitment to protecting the information and communications technology and services of our Nation," the White House said in a statement.

The statement continued: "The President has made it clear that this Administration will do what it takes to keep America safe and prosperous, and to protect America from foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities in information and communications technology infrastructure and services in the United States."

The move by Trump is expected to precede a ban on US firms doing business with the Chinese telecommunications giant Huawei.

The order authorizes the Secretary of Commerce to "prohibit transactions posing an unacceptable risk to the national security of the United States or the security and safety of United States persons," the statement said.

The US believes the Chinese government is using Huawei's equipment for espionage. Huawei consistently denies the allegations.

Earlier this year, the Justice Department charged Huawei and its US affiliate with theft of trade secrets conspiracy, attempted theft of trade secrets, seven counts of wire fraud, and one count of obstruction of justice.

Prosecutors also charged its chief financial officer with wire fraud and bank fraud and alleged that the company violated sanctions against Iran.

On a global scale, the US is pushing other countries not to use Huawei's equipment in 5G networks.

Shortly before Trump's executive order was announced, Reuters reported that the Chinese Foreign Ministry spokesperson Geng Shuang accused the US of "abusing its national power" to "deliberately smear" some Chinese companies.

"This is not honorable, nor is it just," he said during a briefing in Beijing earlier Wednesday.

Join the conversation about this story »

NOW WATCH: This video shows the moment Sarah Sanders lied to a room full of reporters about FBI agents telling her they were happy Trump fired Comey

Contributer : Tech Insider http://bit.ly/2Q8olTZ

Something that you might miss to see?