Huawei founder vows no hit on Apple in trade war

Huawei founder Ren Zhengfei struck a defiant tone in the face of US sanctions that threaten his company’s very survival.

In an interview with Bloomberg Television, the billionaire founder of China’s largest technology company, conceded that the Trump administration export curbs will cut into a two-year lead Huawei had painstakingly built over rivals like Ericsson and Nokia.