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

Another Euro Crisis? Here's What Markets Are Saying About Italy

Italy’s stocks and bonds came under  intense pressure   on Friday, with the plunge in the country’s banks wiping $10 billion off their market value. Those who remember the chaos of the euro region’s sovereign debt crisis will be asking, whether this is the start of something much worse. Here’s what financial markets are telling us. Bond Risks The selloff in the nation’s 10-year bonds drove yields up the most since May -- a time when the Five Star Movement and the League parties were forming their coalition, and holding talks with euroskeptics who had  floated the idea  of leaving the euro area. The good news is that the hard-line rhetoric has faded somewhat, meaning the concern in markets is about the size of Italy’s debt load, rather than the risk that it leaves the currency bloc. This is reflected in Italy’s 10-year yield spread over German bunds. That gauge is hovering at around 270 basis points, still short of the year’s highs of around 323 basis points. A...
Post a Comment
Read more