Russian President Putin: We Are At The Start Of A 'Technology War'

Daily Mail: Putin says America's attempts to 'push Huawei out of the world market' is 'the start of a new technology WAR'

* Vladimir Putin slammed moves by the US to ban the Chinese tech giant Huawei
* He said 'push' of Huawei from global markets was the 'start of a technology war'
* US imposed bans on Huawei last month and has pressured allies to do the same
* Countries fearful of using tech firm over equipment being 'used for espionage'

Russian President Vladimir Putin has slammed attempts to 'push' Huawei from global markets as the 'start of a technology war'.

Putin made the remarks about US moves against the Chinese tech giant on Friday.

Speaking at an economic forum also attended by Chinese President Xi Jinping, Putin denounced 'unceremonious attempts at pushing Huawei from the international market.'

Huawei was hit by US-imposed bans in May. America has also been putting pressure on its Western allies to stop using the Chinese company's equipment.

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Update: Putin stands by China, criticizes U.S., in trade, Huawei disputes (Reuters)

WNU Editor: President Trump wants to change the status quo, especially in trade and technology, and everyone is reacting accordingly. But in my opinion U.S. dominance in technology is going to face tough competition. Countries like China graduate far more university students in the sciences and engineering than the U.S., and they want to be world leaders in developing and manufacturing new technologies. We are in a multi-polar world, where market forces will determine who will dominate certain fields in technology. As for Huawei, they do develop and manufacture some cutting edge technologies, and there is a huge market and interest for what they are offering. Can U.S. companies compete? We shall see.