Published: Mon, August 19, 2019
Markets | By Otis Pena

US President Trump does not want to do business with China's Huawei

US President Trump does not want to do business with China's Huawei

Back in May, the department of commerce described the exemption, saying "The Temporary General License grants operators time to make other arrangements and the Department space to determine the appropriate long-term measures for Americans and foreign telecommunications providers that now rely on Huawei equipment for critical services".

The latest is that the Chinese company would still be allowed to work with couple of it's USA partners even though it was promised of being lifted off the United States trade blacklist.

The waiver will renew an agreement that was set to expire on 19 August because the department aims to minimize problems for customers, many of whom operate networks in rural USA regions.

Now, the newswire reports that President Donald Trump doesn't want us firms to deal with the company.

On Sunday, Trump told reporters before boarding Air Force One in New Jersey that he did not want to do business with Huawei for national security reasons. However, in recent days, the Trump administration has made a decision to be more lenient towards Beijing in the trade war, agreeing to delay new tariffs on Chinese tech products until December.

As things goes, the license might be allowed to expire according to insider reports but the Commerce Department had declined to comment on this.

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Earlier this evening, Reuters reported that the U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies.

When the Commerce Department blocked Huawei from buying US goods earlier this year, it was seen as a major escalation in the trade war between the world's two top economies.

The US government blacklisted Huawei, alleging that the Chinese company is involved in activities contrary to national security or foreign policy interests.

In addition to blacklisting the company, Washington has urged other countries to give up using Huawei equipment for future 5G networks.

Many Huawei suppliers in the United States have requested special licenses to sell to the Chinese giant.

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