US to ease Huawei trade restrictions with heavy caveats

The Trump administration has clarified how it plans to ease the restrictions on US companies trading with Huawei. Officials said that the Chinese tech giant would remain on the Entity List, but that licenses to trade with the company would be issued under certain circumstances. Huawei was placed on the Entity List back in May, which means US companies are unable to sell technology to the company without government approval.

In a speech given yesterday reported by the New York Times, US Commerce Secretary Wilbur Ross said that his department “will issue licences where there is no threat to US national security.” However, he clarified that “Huawei itself remains on the Entity List, and the announcement does not change the scope of items…

Continue reading…

Main Source

You might also like More from author

Comments are closed.