Huawei says American ban to cost $30 billion Unlisted Video

Shenzhen, China (CNN Business)The founder and CEO of Chinese tech giant Huawei said the company will miss revenue forecasts by about $30 billion over the next couple of years and he blamed a US campaign against its business. The Trump administration delivered a huge blow on May 16, when it added Huawei to a blacklist that bars US companies from selling it technology without first obtaining a license to do so. Huawei became the world's largest telecommunications equipment maker and the No. 2 smartphone brand, despite being locked out of the US market for nearly a decade.