Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Rubio calls on Biden administration to blacklist Huawei spin-off Honor
    Top Stories

    Rubio calls on Biden administration to blacklist Huawei spin-off Honor

    Published by maria gbaf

    Posted on October 15, 2021

    3 min read

    Last updated: January 29, 2026

    UK Finance Minister Rachel Reeves emphasizes the need for regulatory support to enhance economic growth amidst low output figures. This image highlights her commitment to driving financial progress.
    Finance Minister Rachel Reeves advocating for economic growth initiatives - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Marco Rubio calls on Biden to blacklist Honor, a Huawei spin-off, citing national security threats and evasion of US export controls.

    Rubio Presses Biden to Blacklist Huawei Spin-off Honor

    By Alexandra Alper

    WASHINGTON (Reuters) -Republican U.S. senators led by Marco Rubio on Thursday called on the Biden administration to blacklist Honor, a former unit of embattled Chinese telecoms giant Huawei, describing the firm as a threat to national security.

    In a letter dated Thursday, seen by Reuters, Rubio described Honor as essentially an “arm” of the Chinese government with newly unfettered access the same prized U.S. technology currently denied to Huawei. The letter adds to a growing chorus of China hawks calling for the blacklisting.

    By spinning off the Chinese telecom giant’s budget smartphone brand in November 2020, “Beijing has effectively dodged a critical American export control,” Rubio wrote in the letter also signed by Senators John Cornyn and Rick Scott.

    “By failing to act in response, the Department of Commerce risks setting a dangerous precedent and communicating to adversaries that we lack the capacity or willpower to punish blatant financial engineering by an authoritarian regime.”

    Honor and the Department of Commerce in Washington did not immediately respond to requests for comment.

    Huawei declined to comment beyond noting a prior statement that said it would not hold any shares or be involved in managing Honor following the spinoff. The Chinese Embassy in Washington said the U.S. had kept “smearing” Huawei without presenting solid evidence to support its accusations.

    The Trump administration placed Huawei on a trade blacklist in 2019, arguing the company posed a national security threat, which Huawei denies. Putting the company on the so-called entity list has meant its U.S. suppliers have had to obtain special licenses to sell key items like semiconductors to the firm.

    Google was also barred from providing technical support to new Huawei phone models and access to Google Mobile Services, the bundle of developer services upon which most Android apps are based.

    As sanctions against the company began to bite amid tighter controls, Huawei announced the Honor sale to a consortium of over 30 agents and dealers.

    In August a group of 14 Republican Congressmen led by Michael McCaul, the ranking member of the House Foreign Affairs Committee, also called on the Commerce Department to blacklist Honor, alleging the company was spun off to evade U.S. export controls and to give Huawei access to blocked semiconductor chips and software.

    On Monday, Honor said on Twitter https://twitter.com/Honorglobal/status/1447547538748280834 it had “succeeded in confirming cooperation with a number of supplier partners in the early stage” and that its Honor 50 smartphones would be equipped with Google Mobile Services.

    (Reporting by Alexandra Alper; Additional Reporting by Brenda Goh in Shanghai; Editing by Diane Craft and William Mallard)

    Key Takeaways

    • •Marco Rubio urges Biden to blacklist Honor.
    • •Honor is a former unit of Huawei.
    • •Concerns over national security threats.
    • •Honor accused of evading US export controls.
    • •Huawei denies involvement with Honor post-spinoff.

    Frequently Asked Questions about Rubio calls on Biden administration to blacklist Huawei spin-off Honor

    1What is the main topic?

    The article discusses Marco Rubio's call for the Biden administration to blacklist Honor, a Huawei spin-off, due to national security concerns.

    2Why is Honor being blacklisted?

    Honor is accused of being a threat to national security and evading US export controls by being spun off from Huawei.

    3What is Huawei's response?

    Huawei denies involvement with Honor after the spinoff and claims the US has no solid evidence for its accusations.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostRio Tinto cuts 2021 iron ore shipments forecast on labour squeeze
    Next Top Stories PostAdele makes music comeback with new single ‘Easy On Me’