The Trump administration is set to issue a 90-day extension of a license on Mond...
WASHINGTON - The Trump administration is set to issue a 90-day extension of a license on Monday allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said.
After adding Huawei to an economic blacklist in May citing national security concerns, the U.S. Commerce Department has allowed it to purchase some American-made goods in a move aimed at minimizing disruption for its customers, many of which operate networks in rural America. Commerce Secretary Wilbur Ross told Fox Business Network on Friday that some rural carriers need the temporary licenses and are dependent on Huawei for 3G and 4G networks.
In blacklisting Huawei, the U.S. government said it had a “reasonable basis to conclude that Huawei is engaged in activities that are contrary to U.S. national security or foreign policy interests.” Huawei has repeatedly denied the accusations.
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