Another company that has reportedly benefited from the US sanctions is China's tech giant Huawei Technologies. Recall that the largest telecommunications equipment manufacturer was at the heart of the real espionage scandal, which revealed that the allegedly private commercial company was actually one of the divisions of the Chinese state security services. Moreover, Huawei was accused of producing the equipment that could be exploited by Beijing for spying. After this fact was disclosed, the US authorities imposed sanctions against Huawei and encouraged its allies around the world to be more careful when concluding contracts with the tech company or even shun them. In response, the management of Huawei made an optimistic statement about its ability to derive a benefit from the sanctions slapped by Washington. Optimism was observed at all levels - from owners and executives to ordinary specialists. However, the company's financial performance report showed quite the opposite. Huawei's first-quarter revenues rose by less than 1% compared to 39% a year ago. Its net profit margin for this period slipped to 7.3%. The business sentiment also changed, and not for the better. Now the company predicts that "2020 will be the most difficult year." According to the tech giant's management, the United States does not take any steps to ease trade restrictions. Moreover, Huawei Technologies sees the ongoing effort by the United States to convince other countries to ban it from participating in the deployment of 5G.

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