Huawei

The US government, via the U.S. International Development Finance Corporation (DFC), the U.S. EXIM bank and the National Security Council, offered financing to Brazilian telecoms to keep them from buying Huawei Technologies 5G equipment.

The Chinese Embassy in Brazil on Twitter accused the American government of seeking a networking "monopoly." Still, it said it believed most countries would remain independent and make their own decisions regarding 5G.

The Swedish Post and Telecom Authority (PTS) announced Tuesday a ban to telecom equipment from Chinese companies Huawei and ZTE in Sweden's 5G network. According to PTS, the ban is over a security assessment made by the Swedish Armed forces.

Sweden is the home of Ericsson, one of Europe's leading telecom equipment suppliers.

The Korean electronics industry media magazine The Elec has reported based on insider information that Huawei will reduce the production of smartphones by 74% following sanctions from the United States that lead to a decline in sales.

Also, Samsung and SK Hynix have stopped delivering microchips to the Chinese company.

The UK government announced Tuesday a ban on Huawei 5G wireless network equipment. The ban requires all existing Huawei 5G tech to be purged entirely from the country's network by the end of 2027.

UK Digital Secretary Oliver Dowden said: "Following US sanctions against Huawei and updated technical advice from our cyber experts, the government has decided it is necessary to ban Huawei from our 5G networks.".

Huawei said in a statement: "Regrettably our future in the UK has become politicised, this is about US trade policy and not security."

British Columbia's Supreme Court in Vancouver allowed the process for extraditing Meng Wanzhou to the US to continue. The US wants Meng, Huawei's CFO, to stand trial on charges linked to the alleged violation of US sanctions against Iran.

Although Canada and the US have an extradition treaty, Canadian laws only allow extradition if the charges against the person in question would also qualify as a crime on Canadian soil.

Following the ruling, a Chinese embassy spokesperson in Canada told CBC News: "The purpose of the United States is to bring down Huawei and other Chinese high-tech companies, and Canada has been acting in the process as an accomplice of the United States. The whole case is entirely a grave political incident."