Huawei's 90 day lift on import ban ends today
"“At this moment it looks much more like we’re not going to do business,” Trump told reporters on Sunday"
Huawei was reprieved from import ban for 90 days by the Department of Commerce. This gave the company Temporary General License to work with the US based company. With the plan of adding 90 more days to the grace period.
According to the Reuters report published on friday, one of their sources said, ” ‘Temporary general license’ will be extended for Huawei for 90 days.” This extension will renew an agreement set to lapse on August 19, allowing the Chinese company to continue and maintain existing telecommunications networks and provide software updates to Huawei handsets.
Now, new update on Reuters reports that President Donald Trump doesn’t want U.S. firms to deal with the company. “At this moment it looks much more like we’re not going to do business,” Trump told reporters on Sunday before boarding a flight. Insisting that the firm was a national security threat he added, “I don’t want to do business at all because it is a national security threat and I really believe that the media has covered it a little bit differently than that.”
To the end of the agreement period no statement from Huawei has been released yet.
Biplav Gachhadar
