Skip to main content

US government to issue licenses to companies wanting to trade with Huawei



In the development of the Huawei-US trade tensions, the US Department of Commerce will begin issuing special licenses to companies that wish to keep their business ties with the Chinese tech giant. The news was confirmed by the head of the Commerce of Department Wilbur Ross at the Annual Security Conference on Export Controls and Security.
US government to issue licenses to companies wanting to trade with Huawei
Late last month at the G20 summit, US president Donald Trump confirmed American companies will continue to sell components to Huawei granted that they doesn’t pose a threat to national security. Later on it became clear that US companies would be allowed to sell widely available components which are sold in other markets while more sensitive equipment would remain off limits.
US government to issue licenses to companies wanting to trade with Huawei
Commerce Secretary Ross stated that the new licenses will still have to oblige the previously issued component availability confinements. Furthermore, he restated that the Commerce Department will only issue licenses after evaluating the potential of national security risks.
While Huawei will remain in the infamous Entity List, this is a positive step towards resuming normal operations and prevent large scale losses for both sides.
Source | Via

Labels:

Comments

Post a Comment

Popular posts from this blog

How to book Indian Railways tickets on new IRCTC website; Explained in 8 easy steps

Recently, the e-ticketing arm of Indian Railways i.e., Indian Railway Catering and Tourism Corporation (IRCTC) modernized its official website. Now, a new version of the official website, in its beta form, is available for passengers to try. June 4, 2018 12:38 PM The revamped IRCTC website boasts of several passenger-friendly measures, the coolest of which is the latest software that predicts the chances of your waitlisted ticket getting confirmed. New IRCTC next-generation e-ticketing website: Recently, the e-ticketing arm of Indian Railways i.e., Indian Railway Catering and Tourism Corporation (IRCTC) modernized its official website. Now, a new version of the official website, in its beta form, is available for passengers to try. The revamped IRCTC website boasts of several passenger-friendly measures, the coolest of which is the latest software that predicts the chances of your waitlisted ticket getting confirmed. While other railway portals already offer a simi...
Post a Comment
Read more

Wannabe cars of India; From Maruti Vitara Brezza to Jeep Compass, to Bolero-Pajero & more

The Indian car market is full of modified cars. While some of them are modified with elegance and really look unique, many others are modified to look like various other cars. We bring you five such modified cars. Maruti Vitara Brezza – Jeep Compass The Maruti Vitara Brezza is the largest selling utility vehicle in India. The sub 4-meter compact SUV has a lot of buyers and many of them have modified the car to look like Land Rovers. After the launch of Jeep Compass in the Indian market, many Vitara Brezza owners have swapped the front grille of the Brezza with the iconic 7-slat grille of the Jeep. It sure looks good and different but too wannabe, we think. Mahindra Bolero – Mitsubishi Pajero The Mahindra Bolero used to be the top-selling UV in the Indian market before the arrival of the Maruti Brezza. The rugged SUV is quite popular in Tier II and Tier III cities of India. The Mitsubishi Pajero too has quite a fan following in India. The Pajero SFX became extr...
Post a Comment
Read more

Elon Musk Hints At 'Partial Presence' Of Tesla In India By 2019

The tweet sent out now brings in some hope and a partial presence in India would certainly help in boosting the electric car market in India Tesla Motors' Chief Executive Officer (CEO), Elon Musk , today revealed that the company's plans to expand its overall market beyond North America, Europe, and China. We already told you that the company plans to make the Model 3 in China and has hinted at achieving 7000 units production capacity. Musk also revealed on Twitter that he recently asked his service team to expand to all population regions in North America, Eastern Europe, China, and Japan by the end of next year. He even said that "We are completely missing vast geographic regions in some cases." In a follow-up tweet Musk went on to state that "Hopefully, partial presence in India, Africa & South America end of next year, with broader expansion in 2020" and this gives India a silver lining at the least. Hopefully, partial presence in India...
Post a Comment
Read more