The United States is delaying restrictions on U.S. technology sales to Chinese tech powerhouse Huawei in what it calls an effort to ease the blow on owners of its cell phones and smaller U.S. telecoms providers that rely on its networking equipment.
Federal Communications Commission Chairman Ajit Pai said Monday he supported the $26.5 billion deal because the two companies promised to expand mobile internet access in rural areas and roll out 5G, the next generation of mobile networks.
McLaren, which was making its first return to the Indianapolis 500 since the 1970s, fired the president of its IndyCar operations Sunday night, after the team failed to gain a spot in the 33-car field.
Europe, Japan and other trading partners object to President Trump's trade tactics but echo American complaints. They say China's practices violate its market-opening commitments under the World Trade Organization.