China is Dumping Fiber Optic Cables in the U.S. Market, Commerce Official Says

China is using the same tactics it employed to drive down the price of telecommunications equipment from Huawei to flood the US market with fiber optic cables—crucial underlying infrastructure for fifth-generation networks—a senior Commerce Department official said. "China is currently driving massive overcapacity in critical sectors including steel, aluminum and optical fiber cables,” said Nazak Nikakhtar, Commerce’ assistant secretary for industry and analysis.