The proposal reportedly includes financial penalties for member states that use Chinese-made equipment in their telecom networks
EU member states could be forced to phase out equipment made by Chinese tech giants Huawei and ZTE in their telecommunications networks under the bloc’s proposed ban, Bloomberg reported on Monday, citing people familiar with the matter.
The reported plan comes amid escalating trade tensions between China and the EU. Over the past year, Brussels and Beijing have clashed over what the bloc calls China’s industrial overproduction, while the Chinese authorities accuse the EU of protectionism.
Under the proposal, European…
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