US expected to extend deadline for Huawei to buy from American suppliers: report

The Trump administration is reportedly planning to extend a deadline marking the end of Chinese tech giant Huawei’s ability to purchase from American companies after U.S. tech firms expressed their concerns with the ban.

Reuters reported Saturday that Huawei will receive a “temporary general license” that will allow U.S. firms to continue doing business with the company for 90 days even as the Trump administration accuses Huawei of violating U.S. sanctions against Iran.

ADVERTISEMENT

Huawei purchased $70 billion worth of components last year, according to Reuters, including some $11 billion from U.S. firms.

The company’s license was set to expire Monday. Tech companies had pressed the White House for months to extend the license and allow U.S. firms to continue to sell to Huawei, a major player in the global 5G mobile market which many companies are entering for the first time.

In a meeting with President TrumpDonald John TrumpTrump watching ‘very closely’ as Portland braces for dueling protests WaPo calls Trump admin ‘another threat’ to endangered species Are Democrats turning Trump-like? MORE late last month, CEOs of Google, Intel, Cisco and other corporations urged the administration to ease the restrictions on Huawei, a move that has sparked criticism on Capitol Hill.

“The CEOs expressed strong support of the President’s policies, including national security restrictions on United States telecom equipment purchases and sales to Huawei,” a White House spokesperson said last month following the meeting.

“They requested timely licensing decisions from the Department of Commerce, and the President agreed. The group was also optimistic about United States 5G innovation and deployments,” the spokesperson added.

Democrats have urged Trump, meanwhile, to stay firm and enforce his administration’s restrictions.

“Huawei is one of few potent levers we have to make China play fair on trade,” Senate Minority Leader Charles SchumerCharles (Chuck) Ellis SchumerAppropriators warn White House against clawing back foreign aid Colorado candidates vying to take on Gardner warn Hickenlooper they won’t back down Trump ahead of New Hampshire speech: Lewandowski would be ‘fantastic’ senator MORE (D-N.Y.) said in July. “If President Trump backs off, as it appears he is doing, it will dramatically undercut our ability to change China’s unfair trade practices.”

Click Here: Cheap True Religion Jeans

Leave a Reply

Your email address will not be published. Required fields are marked *