Tech giant Huawei is better prepared for US President Donald Trump’s second assault on China than it was for his first.
Rather than sanctions, the primary threat to the company’s sales and profits now appears to be the possibility of a tariff-induced recession. More than 70% of Huawei’s sales are now made in China.
Huawei’s total sales are nearly back to their pre-sanctions peak, supported by a switch to domestic procurement. Its sales in the US are negligible, leaving almost no direct exposure to Trump’s tariffs.
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