U.S. grants approval to some suppliers to restart sales to Huawei

The Trump administration on Wednesday gave Huawei its second reprieve this week, allowing some suppliers to restart sales to the Chinese telecoms giant after it was placed on a trade black list over national security concerns six months ago. The Commerce Department said it has begun issuing licenses for some companies to sell goods to… Read More U.S. grants approval to some suppliers to restart sales to Huawei

U.S. President Donald Trump declares self ‘chosen one’ to tackle trade issues with China

U.S. President Donald Trump on Wednesday said he was “the chosen one” to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce U.S. economic output by 0.3% in 2020. Trump told reporters his life would be easier if he had not mounted a trade war with China. But he… Read More U.S. President Donald Trump declares self ‘chosen one’ to tackle trade issues with China

U.S. set to extend Huawei license to buy goods from American companies

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said. The ‘temporary general license’ will be extended for Huawei for 90 days, the sources said. Commerce… Read More U.S. set to extend Huawei license to buy goods from American companies

U.S. to issue licenses for sale of goods to Huawei provided no threat to national security

U.S. government will issue licenses to companies seeking to sell American-made goods to China’s Huawei where there is no threat to national security, Commerce Secretary Wilbur Ross said on Tuesday, but left key questions unanswered about what products will pass muster. Seeking to revive trade talks with China, U.S. President Donald Trump announced late last… Read More U.S. to issue licenses for sale of goods to Huawei provided no threat to national security

U.S. blacklists Chinese telecoms company Huawei

The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks. The Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its ‘Entity List’,… Read More U.S. blacklists Chinese telecoms company Huawei