The US has temporarily eased trade restrictions on China’s Huawei to minimise disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for US action.
New York:
On Monday, the Commerce Department granted Huawei a license buy US goods until Aug 19 to maintain existing telecoms networks and provide software updates to Huawei smartphones. Huawei is still barred from buying US-made hardware and software to make new products without further, hard-to-obtain licenses.
The US Commerce Department blocked Huawei Technologies Co Ltd from buying US goods last week, saying the firm was involved in activities contrary to national security. The move came amid an escalating dispute over trade practices between the US and China. The two countries increased import tariffs on each other’s goods over the past two weeks after US President Donald Trump said China had reneged on earlier commitments made during months of negotiations.
On Monday, the Commerce Department granted Huawei a license buy US goods until Aug 19 to maintain existing telecoms networks and provide software updates to Huawei smartphones. Huawei is still barred from buying US-made hardware and software to make new products without further, hard-to-obtain licenses.