U.S. reviews export requests to Huawei with 'highest scrutiny': Commerce Department

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. “It seems like nobody has made up their mind as to what the policy is and, as a result, nothing’s changing,” said Douglas Jacobson, an international trade lawyer.

All such applications should be considered on merit, he wrote, citing regulations that include the “presumption of denial” licensing policy.

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