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Will Trump declare ‘national emergency’ to ban Huawei?

RT, Released on 12/27/18

Amid a rallying stock market, the Trump administration is pondering an executive action to ban US companies from using equipment made by Chinese corporations Huawei and ZTE by invoking the International Emergency Economic Powers Act. Such an action would require him to declare a “national emergency.” Is it really that bad? Peter Schiff, CEO of Pacific Capital, joins Steve Malzberg to discuss.

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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