UAE nixes deal with US to buy F-35 fighter planes

The US faced a major blow as UAE suspended talks to buy the 50 Lockheed F-35 US fighter jets worth USD 23 billion. This is a major setback for the US both economically and diplomatically. China seems to be an emerging winner in the ongoing tussle between US-UAE. UAE suspended the purchase deal of F-35 fighter jets with the US and has chosen Huawei's, a Chinese company, 5G technology.

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