Huawei Revenue Up 22.4% in 2024
Despite U.S. sanctions, China’s Huawei had $118.6 billion in revenue last year, up 22.4%, the company said in its annual report released this week. Profit declined 28% to $62.6 billion. “In 2024, the global economy and international trade remained sluggish,”…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
it said. “The rise of protectionism and trade barriers continued to disrupt the global trade order and undermine the stability of global value and supply chains.” But Huawei also saw positive signs for the global economy. “In 2024, overall global trade increased slightly, and the global economy remained resilient,” the report said.