US to offer Brazil $1billion financing pledge to block Huawei from 5G networks

[F-22Raptor]

GUANGZHOU, China — Washington has stepped up its offensive against Huawei, offering financing to Brazil to get the Chinese telco effectively blocked from the nation's next-generation 5G networks.

During a trip to Brasilia on Tuesday, officials from the Export-Import Bank of the United States (EXIM) and U.S. government signed a memorandum of understanding to "identify potential opportunities" for financing up to $1 billion.


These include energy and "especially in the telecommunications area and the important 5G," according to a statement by U.S. national security advisor Robert O'Brien.

U.S. officials told reporters at the signing that the money was available for Brazil to buy telecommunications equipment from Huawei's rivals, according to Reuters.

Huawei was not immediately available for comment when contacted by CNBC.


Washington has maintained that Huawei represents a national security threat and has previously called it an arm of the Chinese Communist Party's surveillance state. The government claims that Huawei could collect the data of citizens in other countries and give that to Beijing. Huawei has repeatedly denied those claims.

But the U.S. has sought to persuade countries across the world, particularly close allies, to block Huawei from next-generation 5G networks. The technology promises super-fast data speeds and high bandwidth that can underpin critical infrastructure.

Countries such as Australia and Japan have essentially blocked Huawei from their 5G infrastructure. Earlier this year, the U.K. said Huawei would be banned from its 5G networks and ordered mobile carriers to strip out any existing gear from the Chinese telco by 2027. On Tuesday, Sweden became the latest country to exclude Huawei from 5G.

Being kept out of Brazil would be another big blow for Huawei given the the large size of the market.

On top of that, Huawei is trying to navigate headwinds created by U.S. sanctions, which threaten to cut the Chinese giant off from key technology and components like semiconductors.

https://www.cnbc.com/2020/10/21/us-tries-to-get-huawei-blocked-from-brazils-5g-networks.html

 

[kankan326]

China should pack Huawei and vaccine together. Both or neither.

 

[Beidou2020]

So the US can continue to spy on Brazil

Huawei won’t install backdoors to allow US intelligence agencies access unlike Ericsson and Nokia which will bow down to the US demands.

That’s why they are desperate to stop Huawei. US ability to spy is threatened by Huawei.

 

[atan651]

Americans are good at bribery!

 

[CAPRICORN-88]

Brazil should set a condition that US must pay them in gold bars before they will proceeded to block Huawei and then procure ZTE.
And pay some of the proceeds to Huawei as compensation. WIN WIN.

US dollar are just useless non absorbable toilet paper nowadays. The FED will print another 3 trilllion more before the end of this year.

 

[hualushui]

This is a loan, not a gratuitous aid. Is this a US debt trap?

 

[Globenim]

tells you a lot how much better Chinese products are when the U.S. regime has to bribe and threaten their so called friends and allies not to buy them

China should pack Huawei and vaccine together. Both or neither.

If Brazil takes the bibe.

In general China should put all the U.S. regime officials backing and enabling U.S. terrorism on a "international economic and civil terrorist" blacklist including state run proxy operations like NED and state run mouthpieces RFA and return the favour to the U.S. and tax any foreign company selling to China making deals with U.S. companies donating, contracting or in other form financially aiding the U.S. government and ban any company directly related to anyone on that list unless they apply for and receive a licence. Then move the tax into an official fund called "international economic and civil terrorism relief fund" which companies in China under attack by rogue regimes like in the US can apply for if business operations are harmed by such foreign interferrence. In return if foreign companies proof they have dropped relations with blacklisted U.S. companies and officials they can also apply to receive their paid taxes back.