Richard Wolff: "The United States has been defeated" in 5G

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The US will now allow some cooperation between its telecom companies and Chinese firm Huawei, but does this mean that tensions between Washington and Beijing are beginning to thaw? Professor Richard Wolff, host of the Economic Update, joins the program to offer his take on the issue. We also analyze the race for 5G and whether the US will be able to compete with nations around the globe.

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