Trump administration to issue licenses to US companies to do business with Huawei

Huawei’s business operations with US companies could resume soon as the Trump government is prepared to give licenses for selling unrestricted equipment to the telecom giant.

Huawei as second-largest mobile phone manufacturer

Will US resume business with Huawei? 

According to the report of the New York Times, President Donald Trump made the decision to start the approval of licenses at a conference last week. This license will permit companies to conduct business with Huawei even there was a ban placed on the Chinese company in early 2019.

It was reported that as of August, more than 130 applications were to the Commerce Department for licenses to trade US goods to Huawei. Some transactions would be allowed under the licenses as stated around June by the Trump administration, but none has yet been issued.

Huawei is the world's second-largest phone manufacturer by volume, but the US lawmakers were having concerns about its links with the Chinese government. There are also reservations that its equipment could be used to spy on other countries and companies. But then, the Chinese telecom giant has repetitively denied those accusations. 

Back in May, the US Commerce Department enforced a trade ban on Huawei, declaring of being a national security threat and the company is under control of Chinese law. Under the trade blacklisting, Huawei was prevented from doing business with US firms such as prohibiting the use of Google Mobile services for its smartphones, buying chips and many more.

See also: US firms to continue business talks with Huawei?

Source: Huawei Central