US Department of Commerce announced the resumption of licensing for transactions with Huawei

US Department of Commerce announced the resumption of licensing for transactions with Huawei

China’s Ambassador to U.S. says China is ready for further U.S. trade talks

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주미 중국대사 \”중국, 미국과 추가 무역협상 준비돼\”\n\nNo further trade talks are scheduled right now between the U.S. and China, but Beijing says it’s willing to talk… following the Trump administration’s decision to let American companies keep doing business with Huawei for the next three months.\nOur Kim Da-mi has more. \nThe Chinese Ambassador to the U.S. has said Beijing is ready to continue the trade talks with Washington.\nIn an interview on Fox News, Cui Tiankai said… China remains ready to continue talks with American colleagues to reach a conclusion, assuring the U.S. that their door is still open. \nHowever, he made sure to mention that the U.S. kept changing its mind and had abruptly backed away from some previous deals tentatively reached over the past year.\nThe Chinese Ambassador added that China is willing to purchase more products made in the U.S.\nMeanwhile, Google has put on hold its suspension of Android services to Huawei. According to Business Insider, the tech giant has provided a 90 day grace period, allowing software updates and security patches to existing models. \nThis comes after the U.S. Department of Commerce decided on Tuesday to grant Huawei a license of 90 days to help existing customers. \nPreviously, Washington had banned U.S. firms from doing business with Huawei without government permission.\nWhile the 90 day period relieved some panicking Huawei users,… the U.S. Secretary of Commerce commented that the temporary general license will allow operators to make other arrangements and give the Commerce Department space to determine the appropriate long term measures for those who rely on Huawei products. \nHuawei declined to comment on Google’s latest plans.\nKim Da-mi, Arirang News. \n\nArirang News Facebook: http://www.facebook.com/arirangtvnews

US Department of Commerce announced the resumption of licensing for transactions with HuaweiUS Department of Commerce announced the resumption of licensing for transactions with Huawei

In an interview with Bloomberg published on Sunday, US Secretary of Commerce Wilbur Ross said it would “very soon” resume licensing US companies to sell components to China’s Huawei Technologies Co..

Wilbur Ross said the US government received 206 requests.

«That’s a lot of requests – frankly more than we thought», – added Ross.

Regarding the development of the US-China trade deal, Ross said there is no reason why the deal cannot be signed this month..

The US Department of Commerce in May added Huawei, the world’s largest telecom equipment supplier, the second largest smartphone manufacturer and a key customer for many US companies, to its national security blacklist, effectively barring it from buying US-made parts without a special license, while while American companies were prohibited from selling Huawei products without a special license.

The Entity List affected the sales of a number of Huawei suppliers in the United States, including chip makers such as Micron (MICR) and Intel (INTC), as well as software makers such as Google..US Department of Commerce announced the resumption of licensing for transactions with Huawei Many of Huawei’s US suppliers have opposed the policy, saying it could lead to similar products from Chinese companies being developed and threaten American technological dominance..