Technology: More than 130 U.S. companies have reportedly applied to sell to Huawei, but the Commerce Department has approved none of them - USA-Possible Speculation Arising from Tariffs on - PressFrom - US

TechnologyMore than 130 U.S. companies have reportedly applied to sell to Huawei, but the Commerce Department has approved none of them

08:35  28 august  2019
08:35  28 august  2019 Source:

Huawei CEO says its Android alternative is 'likely' faster but needs its own app store

Huawei CEO says its Android alternative is 'likely' faster but needs its own app store The Chinese electronics giant is working on its own operating system so as to not rely on Google.

Huawei founder and CEO Ren Zhengfei says his company is reviewing future contracts with U . S . suppliers. While, Commerce Secretary Wilbur Ross has backed off since, saying the The company is expected to offer more clarity on its finances when it reports its first half results on July 30.

“The company has known this could be a possibility for many years. We have invested heavily and made full preparations in a variety of areas, including R&D However, some U . S . tech firms are asking the Commerce Department for special licenses that would allow them to continue selling to Huawei .

Trump said in July that some U.S. suppliers would be allowed to sell to Huawei while it remains blacklisted, but so far no vendors have been allowed to do so. Reuters reports that more than 130 applications have been submitted by companies that want to do business with Huawei, but the U.S. Commerce Department has not approved any of them yet.

Huawei has served as a bargaining chip in the U.S.-China trade war, which escalated again last week when Trump said he would adds tariffs to $550 billion worth of Chinese imports, after China said it would impose duties of $75 billions on U.S. goods. Trump’s mixed signals during this weekend’s G7 summit also created confusion on Wall Street.

Trump says US won't do business with Huawei

Trump says US won't do business with Huawei The trade war with China continues.

American technology companies have resumed selling certain products to Huawei Technologies Intel Corp., the largest microprocessor maker, has also begun selling to Huawei again, according to The U . S . Commerce Department added Huawei last month to what’ s known as an entity list, a move

The addition of Huawei to the “Entity List” maintained by Commerce will make it more difficult for the Chinese telecom giant to buy parts and components from US companies and sell products in the Justifying the decision, Ross said the Commerce Department had reasonable basis to believe

When both presidents met at the G20 Summit in June, Donald Trump told Chinese leader Xi Jinping that he would allow some American companies to sell to Huawei, even though it remains on the Commerce Department’s Entity List. Secretary of Commerce Wilbur Ross said the Commerce Department would begin accepting applications again, requiring companies to prove that the tech they sell to Huawei would not pose a national security risk.

But one of the reasons no licenses have been granted yet is because the Commerce Department is unclear about what it is supposed to do. Former Commerce department official William Reinsch told Reuters that “nobody in the executive branch knows what [Trump] wants and they’re all afraid to make a decision without knowing that.”

In addition to providing telecom equipment, Huawei is an important customer for many U.S. tech firms, including Qualcomm, Intel and Micron. Out of the $70 billion in parts it bought last year, $11 billion of that went to U.S. suppliers. The U.S. claims Huawei is a national security risk, a charge the company has repeatedly denied.

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Trump reportedly ready to OK sales of US goods to Huawei .
Licenses would allow companies to bypass a ban the Trump administration placed doing business with the Chinese telecom giant.The decision to begin the process of approving licenses was made by President Donald Trump in a meeting last week, sources familiar with the matter told the newspaper. A license to do business with Huawei would allow companies to sidestep a ban his administration placed on Huawei earlier this year.

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