US Secretary of Commerce Wilbur Ross indicated during a weekend interview with Bloomberg that at least some of the Huawei restrictions could be lifted very early. The revelation will come days before the long-awaited meeting between US President Donald Trump and the Chinese Prime Minister Xi Jinping, when the two countries are desperately trying to develop a trade agreement in order to avoid further economic uncertainty.
According to Ross, the US Government has received up to 206 requests from American companies for licenses exempting them from the trade sanction on Huawei. According to recent reports, the Trump administration considered granting US companies licenses to deal with the Chinese telecom giant but no official evidence has been provided. until now.
The US Government had placed Huawei on earlier this year and would be seen as the act of goodwill in the run-up to the next round of discussions between the leaders of both countries by licensing companies to do business with Huawei. The suspension, introduced in may, is part of the ongoing US-China trade war, although many expect that things will get better after the forthcoming Trump-Xi summit.
Whatever the case, while trade disputes continue to affect the global economy adversely between the two largest economies in the world, CEO Rene Zhengfei, founder of Huawei, has recently argued that the US ban was a net positive aspect in the business. According to him, this ban has led to the company's workers ' instability and motivation to work even harder in order to mitigate such risks.
According to Ross, the US Government has received up to 206 requests from American companies for licenses exempting them from the trade sanction on Huawei. According to recent reports, the Trump administration considered granting US companies licenses to deal with the Chinese telecom giant but no official evidence has been provided. until now.
The US Government had placed Huawei on earlier this year and would be seen as the act of goodwill in the run-up to the next round of discussions between the leaders of both countries by licensing companies to do business with Huawei. The suspension, introduced in may, is part of the ongoing US-China trade war, although many expect that things will get better after the forthcoming Trump-Xi summit.
Whatever the case, while trade disputes continue to affect the global economy adversely between the two largest economies in the world, CEO Rene Zhengfei, founder of Huawei, has recently argued that the US ban was a net positive aspect in the business. According to him, this ban has led to the company's workers ' instability and motivation to work even harder in order to mitigate such risks.
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