Clearly, any mega-projects in the United States would improve the business of either. But the U.S. politicians worried about Huawei and ZTE may extend their Cold War suspicions to other would-be conspirators in China, particularly as these politicians try to sound tough on Beijing despite its capital importance as a trade partner.
"If Huawei and ZTE, two Chinese telecom equipment firms that are private, globalized and based far from the corridors of power in Beijing are excluded from these markets, there is no Chinese telecom equipment firm that will be welcome," says Wolf Group Asia CEO David Wolf. The management consultancy in Beijing counts telecom firms among its clients.
"What it makes me wonder is whether Swedish, French and German firms aren't next on the list," Wolf says.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.