The U.S. government said on Wednesday it was reviewing license requests from U.S...
WASHINGTON - The U.S. government said on Wednesday it was reviewing license requests from U.S. companies seeking to export products to China’s Huawei Technologies Co Ltd “under the highest national security scrutiny,” since the company is still blacklisted.
President Donald Trump surprised markets on Saturday with an announcement that U.S. companies would be allowed to sell products to Huawei [HWT.UL], which was placed on the so-called Entity List in May over national security concerns. In an email to enforcement staff on Monday, seen by Reuters, John Sonderman, Deputy Director of the Office of Export Enforcement in the Commerce Department’s Bureau of Industry and Security, sought to clarify how agents should approach license requests by firms seeking approval to sell to Huawei.
White House trade adviser Peter Navarro said earlier this week that the government would allow “lower tech” chip sales that do not impact national security, echoing similar comments from National Economic Council chairman Larry Kudlow.
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