US grants Huawei another 90 days to buy from American suppliers

Siasi Jasoos

Chief Minister (5k+ posts)
Washington: US Commerce Secretary said the government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, even as nearly 50 of its units were being added to a U.S. economic blacklist.

The department said in a statement the 90-day extension “is intended to afford consumers across America the necessary time to transition away from Huawei equipment, given the persistent national security and foreign policy threat.”

“As we continue to urge consumers to transition away from Huawei’s products, we recognize that more time is necessary to prevent any disruption,” Ross said in a statement, confirming an expected decision first reported on Friday by Reuters.

He also said he was adding 46 Huawei affiliates to the so-called “Entity List” - a list of companies effectively banned from doing businesses with U.S. customers - raising the total number to more than 100 Huawei entities that are covered by the restrictions.

The list includes Huawei affiliates in Argentina, Australia, Belarus, China, Costa Rica, France, India, Italy, Mexico and numerous other countries.

Ross said the extension was to aid U.S. customers, many of which operate networks in rural America.

“We’re giving them a little more time to wean themselves off,” Ross told Fox Business Network earlier.

Shortly after blacklisting the company in May, the Commerce Department initially allowed Huawei to purchase some American-made goods in a move aimed at minimizing disruption for its customers.

Huawei did not immediately comment on Monday.

The extension, through Nov. 18, renews an agreement continuing the Chinese company’s ability to maintain existing telecommunications networks and provide software updates to Huawei handsets.

The Commerce Department said on Monday it is now requiring the exporter, re-exporter, or transferor to obtain a certification statement from any Huawei entity prior to using the temporary general license.

Asked what will happen in November to U.S. companies, Ross said: “Everybody has had plenty of notice of it, there have been plenty of discussions with the president.”


https://gnnhd.tv/index.php/Technology/8834-1566154800
 

Okara

Prime Minister (20k+ posts)
Instead of competing US is trying to disqualify the opponent who is clear winner in this race.
 

thinking

Prime Minister (20k+ posts)
Trump in fear another ression.thats why he delaying this bann on Huawei.. China purchase huge US bonds. may be in billions..
 

muhammadadeel

Chief Minister (5k+ posts)
Silicon chips is the only thing China lacks. It has already spent 100's of billions into this technology but still they are generations behind.
 

muhammadadeel

Chief Minister (5k+ posts)
Instead of competing US is trying to disqualify the opponent who is clear winner in this race.

It is not about competition it's about monopoly of Silicon Chips. Silicon Chips costed China more than Oil in 2016, more than USD 160 billion. China is investing heavily in this sector and wants to close the gap by 2025 (Made in China initiative). America fears this as chips get's closer to 3nm, technology hits it's natural limits.