As the United States continues to wield bans and sanctions to lock Huawei out of the global 5G market and coerce its allies into doing the same, Huawei has seen its 5G business in several European markets sabotaged in recent months, despite the company's ongoing presence in parts of the continent. An Oxford Economics report released recently showed that Huawei has contributed 16.4 billion euros (19.8 billion U.S. dollars) to Europe's GDP and supported 224,300 jobs in 2019. The company also generated 6.6 billion euros in tax revenues for European authorities the same year. "Huawei is using its significant contribution to the national and European economy as leverage, arguing that both sides would be winning by allowing the company to remain in Europe," Leon Laulusa, executive vice president of ESCP Business School told Xinhua.
