Technology: Trump reportedly ready to OK sales of goods to Huawei - - PressFrom - US
  •   
  •   
  •   

Technology Trump reportedly ready to OK sales of goods to Huawei

05:40  10 october  2019
05:40  10 october  2019 Source:   cnet.com

US gives Huawei a 90-day reprieve on technology trade ban

US gives Huawei a 90-day reprieve on technology trade ban NEW YORK (AP) — Commerce Secretary Wilbur Ross says the U.S. will extend by 90 days the ability of Chinese telecommunications giant Huawei to buy supplies from U.S. companies. It's the second extension for Huawei, a company that the U.S. sees as a national security risk. The comments Monday from Ross on Fox Business News sent shares of U.S. computer chip makers bolting higher. Huawei is China's biggest phone maker and sales to the company account for a significant portion of revenues for some U.S. suppliers. © Provided by The Associated Press FILE - In this July 30, 2019, file photo a woman walks by a Huawei retail store in Beijing. The U.S.

Companies able to get around ban by taking advantage of how goods are labeled, sources tell the New York Times. US chipmakers continue to sell product to Huawei , despite a Trump administration ban on the sale of US technology to the Chinese telecom giant.

Trump said Saturday that "US companies can sell their equipment to Huawei ," as long as the transactions won't present a "great, national emergency problem." In May, the US Commerce Department banned sales of American-made goods to Huawei without first obtaining a license.

Huawei could soon be allowed to do business with US companies again. The Trump administration is ready to issue licenses to some US companies that would allow them to sell nonsensitive equipment to the beleaguered Chinese telecom giant, The New York Times reported Wednesday.

a man standing in front of a television: Huawei may soon be able to do business with some US companies again. Kevin Frayer/Getty Images© Provided by CBS Interactive Inc. Huawei may soon be able to do business with some US companies again. Kevin Frayer/Getty Images

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.

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

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

WASHINGTON — The Trump administration plans to soon issue licenses allowing some American companies to supply nonsensitive goods to the Chinese telecom giant Huawei , according to people familiar with the matter

President Trump and his Chinese counterpart agreed to a cease-fire in their trade battle, as Mr. Trump said he would allow American firms to sell high-tech equipment to Huawei and China would start buying U.S. farm products. U.S. agrees to halt additional tariffs on Chinese goods for now.

a man standing in front of a building: Huawei may soon be able to do business with some US companies again.© CNET

Huawei may soon be able to do business with some US companies again.

As of August, more than 130 applications have reportedly been submitted to the Commerce Department for licenses to sell US goods to Huawei. The Trump administration said in June that some sales would be allowed under the licenses, but none has yet been issued.

Huawei is the world's second-largest phone manufacturer by volume, but it has long been a target of US lawmakers concerned about its links with the Chinese government and fears that its equipment could be used to spy on other countries and companies. Huawei has repeatedly denied those allegations.

The White House and Huawei didn't immediately respond to requests for comment.

Huawei exec: Chinese tech giant wants to be 'transparent' .
WASHINGTON (AP) — A top executive of Chinese tech giant Huawei says the company wants to be open and transparent in persuading the U.S. government that national security concerns about its technology are unfounded. Paul Scanlan is a chief technology officer at Huawei. He told The Associated Press in an interview Friday that the company is looking to "demystify" itself to skeptical U.S. authorities and is prepared to invite American officials to review Huawei product themselves to address any concerns.The Trump administration accuses Huawei of being a security risk. It imposed curbs in May on the company's access to U.S.

—   Share news in the SOC. Networks

Topical videos:

usr: 3
This is interesting!