US firms may receive go-ahead signal for Huawei sales in 2-4 weeks

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US firms may receive go-ahead signal for Huawei sales in 2-4 weeks

Office of United States Trade Representative (USTR) might start-off approving licenses for China’s tech tycoon Huawei’s US suppliers as little as in two to four weeks, a senior US official said on Sunday, the 14th of July 2019, pointing towards a latest sign that Trump Administration had been quickening efforts to alleviate Huawei ban earlier than expected.

In point of fact, China’s Huawei Technologies, the world’s No. 1 telecommunication equipment manufacturer, was added to a US Commerce Department’s blacklist in May this year, following a premature breaking off of latest face-to-face Sino-US trade-talk in Washington, which had also witnessed added tariff on each other’s product and an escalated of trade tension between Washington and Beijing.

Nonetheless, following eighty minutes of tentative talks between Trump and his Chinese counterpart Xi Jinping over the sidelines of latest G-20 summit later last month, US President Donald Trump had announced that he would soon ease ban on China’s telecommunication giant Huawei and in exchange, China would purchase large amount of US soybean.

Besides, face-to-face trade talk would resume, but added tariffs would remain in place. Besides, following US Commerce Secretary Wilbur Ross’s signal later last week that US companies could submit application in order to conduct business with China’s Huawei, number of applications for special license to sell supplies to Huawei Technologies would likely to step up, added an industry analyst, while a former Commerce Department official, Kevin Wolf, a Washington lawyer, said, “Since there’s no downside, companies are absolutely submitting applications, as required by the regulations”.

Meanwhile, yet again denying espionage allegations in favor of Beijing, a Huawei spokesman said on Monday (July 15th), “The Entity list restrictions should be removed altogether, rather than have temporary licenses applied for US vendors.

Huawei has been found guilty of no relevant wrongdoing and represents no cybersecurity risk to any country so the restrictions are unmerited”.