Trump suddenly announced a state of emergency in the USA. What’s happening?

US President Donald Trump declared a state of emergency in the country to protect computer networks from "foreign opponents." He signed an order that effectively prohibits US companies from using foreign telecommunications, which are believed to pose a threat to national security.
According to the White House, Trump's order is aimed at "protecting America from foreign opponents, who are increasingly creating and exploiting vulnerabilities in information and communication technology infrastructure and services."

Not a single company is listed but is believed to be aimed at Huawei. The Chinese technology giant has said that restricting its US business will only harm American consumers and companies.
Several countries led by the United States in recent months have expressed concern that Huawei products may be used by China for surveillance.
A separate decision by the US Department of Commerce has added Huawei to its "blacklist" - a step that prohibits companies to buy technology in American firms without government approval. Together with Huawei, another 70 affiliated companies will be on the blacklist.
These steps are likely to worsen the already tense relationship between the United States and China, which have already worsened this week due to increased tariffs for goods.
The market has not reacted sharply to the new round of US-China confrontation. For example, oil quotes even went up against the backdrop of news of a decrease in gasoline reserves in American repositories.

The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment.
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