U.S. Secretary of State Mike Pompeo warned London it's facing a "momentous decision" on letting the controversial Chinese telecom giant into its market. Prime Minister Boris Johnson is expected to give Huawei, which Washington considers a major security threat, the go-ahead at a National Security Council meeting tomorrow, but reportedly with a market share cap. Britain's intelligence community has said the company doesn't pose a significant threat as long as its role is restricted.
What's the upshot? British officials believe the entrance of Huawei is a pro-market move that could help keep 5G technology affordable.