President Donald Trump spoke at the 38th Annual National Peace Officers Memorial Service at Capitol Hill in Washington, May 15, 2019.
Carlos Barria | Reuters
Internet giants in China such as Alibaba and Tencent are unlikely to target in the same way as the telecommunications giant HUAWEI amid rising trade tensions between Beijing and Washington, an analyst said on CNBC on Thursday.
First and foremost, the destruction of US-China relations is likely to hurt Chinese companies competing with American companies, according to Gil Luria, research director at DA Davidson.
"The focus on Huawei appears to be motivated by concerns about being secretive and intellectual property, but Huawei is a major competitor to many telecom equipment companies," Luria said on CNBC .
"Chinese domestic-focused companies such as Alibaba and Tencent are more likely to be directly targeted," he said, adding that US sales were worthless and the outgoing Chairman Jack Ma made a "great job of positioning himself as friendly in the US."
However, he said, firms did not escape the secondary effects of a slowing Chinese economy ̵
& # 39; Implements & # 39;  US President Donald Trump announced on Wednesday a national emergency in threatening American technology by signing an executive order allowing officials to block transactions involving information or communication technology "and even Baidu, may be saved from tight restrictions on doing business in the US, other Chinese information technology companies may suffer.
" The range of order is possible has a major impact and can affect many Chinese mainland manufacturers of telecommunications equipment as well as communications service providers, "said Rajiv Biswas, Asia Pacific's chief economist at global data provider IHS Markit.  <! – ->