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What a Trade War Could Mean for Tech Stocks

Brian Colello, CPA (brian.colello@morningstar.com),Mark Cash (mark.cash@morningstar.com)

Last week, the U.S. Commerce Department added Huawei Technologies to its Entity List, saying, “The U.S. government has determined that there is reasonable cause to believe that Huawei has been involved in activities contrary to the national security or foreign policy interests of the United States.” This in effect bars the Chinese telecom equipment maker from doing business with U.S. companies, although the trade restriction was given a 90-day reprieve a few days later.