Huawei Back In Business With US Companies? Ban Lifted?

Publish On: 04 Nov, 2019 01:04 PM | Updated   |   Prateek  

US Commerce Secretary, Wilbur Ross in an interview with Bloomberg dropped some hints about how some restrictions on Huawei may soon be lifted. There is soon going to be a meeting between Donald Trump and Chinese Premier, Xi Jinping to get the best out of it while preventing further economic uncertainty.

The US companies have sent more than 200 requests for the trade sanction against Huawei to the US government. 

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In the interview, Ross said such licenses will be forthcoming very shortly. There has been no official confirmation yet but the reports are claiming that Trump administration was considering granting licenses to US companies to be able to do trade with Huawei again.

The ban was imposed back in May in which Huawei was suspected to be leaking data and then soon enough US government put a ban on US-based companies about how they cannot do any trade with the Chinese giant Huawei.

A reporter asked Trump about the steps taken on Huawei:

TRUMP: Huawei is something that’s very dangerous. You look at what they’ve done from a security standpoint, from a military standpoint, it’s very dangerous. So it’s possible that Huawei even would be included in some kind of a trade deal. If we made a deal, I could imagine Huawei being possibly included in some form, some part of a trade deal.

REPORTER: How would that look?

TRUMP: It would look very good for us.

REPORTER: But the Huawei part, how would you design that.

TRUMP: Oh it’s too early to say. We’re just very concerned about Huawei from a security standpoint.

Let's see what happens with Huawei and what the future brings for the Chinese giant.

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