My Tax Dollars At Work
Says it all, really. There might be a strong case for not buying any new Huawei equipment but junking perfectly good kit to make a political point....
The FCC has voted to reimburse medium-sized as well as smaller American telcos strong-armed into replacing all of their Huawei and ZTE networking equipment. The US regulator will now dish out up to $1.9bn to communications providers that have 10 million or fewer subscribers and were ordered in December to rip'n'replace the …
Well, there is indeed a small consolation for the Chinese here: the US has thrown $1.9B of tax revenue down the drain. Of course that's not all good news, considering how much $ debt China holds.
It's very dispiriting that the Biden Administration hasn't realised that a trade war with China helps nobody (least of all the Uighurs and the Hong Kongers).