Huawei to receive extra 90 days of "temporary general license" from US
Huawei's situation update! The US Commerce Department is expected to extend the temporary general license for another 90 days.
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| File photo: Huawei's logo in Dongguan, China |
Extended for another 90 days?
Based on Reuters' report, two sources familiar with the situation said: "temporary general license" will be extended for Huawei for 90 days.
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| File photo: Huawei's exhibit of a Smart City in China |
It permits the Chinese tech titan to buy supplies and use the service of US companies so it can service existing customers.
It'll also continue the company's ability to maintain existing telecommunications networks and provide software updates to Huawei handsets.
The first 90-day temporary license will expire on August 19. To recall, the US placed Huawei under its "entity list" due to allegations of spying.
But in reality, it seems like the Trump administration is just using Huawei as a key bargaining chip for the United States in its trade negotiations with China as there is no hard evidence of spying from the Chinese company yet.
When the Commerce Department blocked Huawei from buying U.S. goods earlier this year, it was seen as a major escalation in the trade war between the world’s two top economies.
In 2018, Huawei spent USD 11 billion for buying components to US firms like Qualcomm, Intel, and Micron Technology.
One of Reuters' sources said that US President Trump and Chinese President Xi Jinping are expected to discuss Huawei in a call this weekend.
Stay tuned for more info.
Source: Reuters
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