Huawei / USA: companies can trade with Chinese firm, with conditions

Huawei / USA: companies can trade with Chinese firm, with conditions. The Secretary of Commerce clarified the government's position towards Huawei following the remarks of President Donald Trump.
Huawei / USA: companies can trade with Chinese firm, with conditions
Huawei / USA: companies can trade with Chinese firm, with conditions

US companies will be able to sell equipment to Huawei, but only after obtaining licenses and when there is no threat to national security. These clarifications came from the Secretary of Commerce, Wilbur Ross, following the promise made last month by President Donald Trump to relax the restrictions imposed on the Chinese telecom giant as he tried to restart trade negotiations with Beijing.

" Huawei itself remains on the list of entities, and the announcement does not change the scope of subjects requiring licenses from the Department of Commerce, nor the presumption of refusal, " said Wilbur Ross.

Huawei was placed last May on the list of "entities" representing a potential threat to national security because of its alleged links with the Chinese government.

Meanwhile, Larry Kudlow, President Trump's economic adviser, said the licensing requirements would be relaxed "only for a limited period of time," meaning that they could stop being granted if trade negotiations do not progress. not. According to the Wall Street Journal, Steven Mnuchin, the US Treasury Secretary, would encourage Huawei's US suppliers to obtain licenses to resume sales with the Chinese giant.
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ZEALSOLUTION
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31 July 2019 at 23:01 ×

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