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

Scarlett Johansson is Forbes’ highest paid actress, Deepika Padukone falls off list

Scarlett Johansson has topped Forbes magazine’s annual list of the world’s highest paid actresses’ 2018 list. Johansson made over $40 million (Rs 280 crore) and starred in three films between June 2017 and June 2018 - a voice role in Wes Anderson’s  Isle of Dogs , the R-rated comedy Rough Night and as Black Widow in   Avengers: Infinity War . Johansson starred in the box office bomb   Ghost in the Shell   in March, 2017. There is no Indian on the list with Deepika Padukone falling off the list too. She toppled Emma Stone off the number one spot on the list, quadrupling her 2017 earnings. Her being a part of the record-breaking third Avengers film, and the upcoming Avengers 4 is the biggest contributor to her rise up the ranks. “The percent of budget cost have certainly skewed heavy, particularly on the Avengers movies, to cast now, whereas maybe in the early ones it was more visual effects or below the line,” the Forbes report quotes Kevin Feige, Marv...
Post a Comment
Read more

Amazon at $1 Trillion Pushes Bezos’s 2018 Gain to $67 Billion

Gain in his net worth more than FedEx’s market capitalization Amazon briefly became America’s second trillion-dollar company Jeff Bezos   Photographer: Matthew Staver/Bloomberg SHARE THIS ARTICLE  Share  Tweet  Post  Email In this article AMZN AMAZON.COM INC 2,012.71 USD +0.00 +0.00% FDX FEDEX CORP 241.24 USD -2.71 -1.11% GOOGL ALPHABET INC-A 1,214.63 USD -17.17 -1.39% DIS WALT DISNEY CO 111.21 USD -0.81 -0.72% FOXA TWENTY-FIRST C-A 45.37 USD -0.03 -0.07% Amazon.com Inc.  briefly became America’s second trillion-dollar company on Tuesday after adding $434 billion to its market cap this year. No one has benefited more than founder  Jeff Bezos , who has added $67 billion to his fortune this year, giving him a $167 billion net worth on the  Bloomberg Billionaires Index  as of 12:30 p.m. in New York on Tuesday....
Post a Comment
Read more

Elon Musk sending SpaceX/Boring Company engineers for Thai cave rescue

Elon Musk  has offered to help rescue the football team which is currently trapped in a Thailand cave. The team of 12 and its coach went missing last month in the flooded Tham Luang cave complex. The Thai government is on to the deadly rescue mission. Last night, a former Thai Navy SEAL diver died after delivering oxygen tanks to the team.   Brainstorming Musk explores potential solutions Musk is sending engineers from  SpaceX  and the Boring Company to help in the rescue operation. He said that the Boring Company in particular "is pretty good at digging holes" and working with "advanced ground penetrating radar." Exploring potential solutions, Musk suggested that his businesses could supply "fully charged Powerpacks and pumps" in order to aid authorities. Can try creating an underwater tunnel for rescue mission: Musk Details Determining the best way to assist govt's efforts: Boring Company A Boring Company spokesperson ...
Post a Comment
Read more