Tuesday, July 7, 2020 | ePaper

US expected to grant Huawei 90-day license extension

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Reuters :
The Trump administration is set to issue a 90-day extension of a license on Monday allowing US companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.
Reuters reported Friday that an initial extension of around two weeks was expected and a longer extension was in the works, but had not yet been finalised due to regulatory hurdles. Over the weekend, the Trump administration's plans changed and it now plans to renew the temporary extension for the same 90-day period as it did in August, the sources said.
After adding Huawei to an economic blacklist in May citing national security concerns, the US Commerce Department has allowed it to purchase some American-made goods in a move aimed at minimising disruption for its customers, many of which operate networks in rural America.
The extension will be announced Monday, when the earlier reprieve is set to expire, the sources said.

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