Huawei smartphone sales hit amid US curbs

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Huawei founder Ren Zhengfei has said international sales of the Chinese telecoms giant’s handsets have sunk 40% in the past month as a US-led backlash against the firm intensifies.

Speaking at the firm’s headquarters, Mr Ren also said the company would slash production by $30bn (£23.9bn).

Last month, the US put Huawei on a list of companies that American firms cannot trade with unless they have a licence.

The move marked an escalation in efforts by Washington to block Huawei.

The US argues that the Chinese company – the world’s largest maker of telecoms equipment and the second biggest smartphone maker – poses a security risk.

“In the coming two years, the company will cut production by $30bn,” Mr Ren said…