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Good morning from the newsroom of the Financial Times.

Today is Thursday, May 16th, and this is your FT news briefing.

President Donald Trump signed an executive order laying the groundwork to ban Huawei from the United States.

Meanwhile, Cisco is slashing its manufacturing in China for fear of higher import tariffs.

And Office Space Company We Work tries to stem its losses.

Plus, the F.T.'s Victor Mallet explains why Emmanuel McCrone's vision of a United Europe

might be slipping away with the EU Parliament elections

approaching.

I'm Mark Filipino and here's the news you need to start your day. U.S. President Donald Trump has up the ante in the U.S.'s ongoing trade dispute

with China. Yesterday, the President signed an executive order effectively banning US companies

from using telecoms equipment manufactured by China's Huawei.

A statement from the White House says, the order the U.S. Commerce Secretary the power to prohibit deals that pose, quote, an unacceptable risk, end quote, to U.S. national security.

The order comes days after the US and China failed to reach a deal

to end the ongoing trade war between the two countries. A Huawei executive said the

company wasn't aware of the order ahead of time. He said the US is not a big market for the group and the company still expects to have stable operations.

But the US Commerce Department has also put

Huawei on the entity list, which means any company that wants to

sell technology to Huawei will now need a license that

could be very hard to get.

Meanwhile, Cisco isn't taking its chances while the U.S. China Trade Dispute unravels. The U. The US networking equipment company says it's

...