Business
Trump administration mulls okaying sales to Huawei: Report
San Francisco, Oct 10
Ahead of the next round of trade talks between Washington and Beijing, the Trump administration is mulling to issue licenses to some US firms that will let them sell non-sensitive equipment to Chinese telecom giant Huawei, the media reported on Thursday.
The decision to begin the process of approving licenses was made by President Donald Trump in a meeting last week, sources familiar with the matter said.
A license to do business with Huawei would allow companies to sidestep a ban his administration had placed on Huawei earlier this year, CNET reported quoting The New York Times.
The move is being said to be an act of goodwill as senior Chinese and US officials gather for trade talks on Thursday.
Business are reportedly hoping negotiators will agree on an interim or partial deal to prevent higher tariffs and additional duties on imports from China.
As of August, over 130 applications have reportedly been submitted to the Commerce Department for licenses to sell US goods to the Chinese tech giant.
The Trump administration said in June that some sales would be allowed under the licenses, but none has yet been issued, the CNET report added.
In May, the US government had placed a ban on Huawei and dozens of its affiliates, citing national security concerns.
The decision to begin the process of approving licenses was made by President Donald Trump in a meeting last week, sources familiar with the matter said.
A license to do business with Huawei would allow companies to sidestep a ban his administration had placed on Huawei earlier this year, CNET reported quoting The New York Times.
The move is being said to be an act of goodwill as senior Chinese and US officials gather for trade talks on Thursday.
Business are reportedly hoping negotiators will agree on an interim or partial deal to prevent higher tariffs and additional duties on imports from China.
As of August, over 130 applications have reportedly been submitted to the Commerce Department for licenses to sell US goods to the Chinese tech giant.
The Trump administration said in June that some sales would be allowed under the licenses, but none has yet been issued, the CNET report added.
In May, the US government had placed a ban on Huawei and dozens of its affiliates, citing national security concerns.
6 hours ago
Campaign ends for first phase of LS polls in Assam
6 hours ago
Viksit Bharat Ambassador: Sri Sri Ravi Shankar praises PM Modi, makes appeal to first-time voters
7 hours ago
Families of suspects held for stone attack on Jagan Mohan Reddy stage protest
7 hours ago
German Foreign Minister urges 'maximum restraint' in Middle East
9 hours ago
Nikki Haley Joins Washington Think Tank Following Unsuccessful Presidential Bid, Eyes 2028
10 hours ago
Florida Hosts South Asian International Film Festival: April 19th-20th
10 hours ago
Former US Official Views India's Tariff Utilization to Shield Domestic Manufacturers as a Return to Pre-1990s Policies
10 hours ago
Indian Foreign Minister Discusses Monitoring the Progress of the US Consulate in Bengaluru
10 hours ago
Chief Minister of Telangana to Form Mechanism to Protect Assets Held by Non-Resident Indians
10 hours ago
"Knife" is Salman Rushdie's account of his attack and subsequent recovery.
12 hours ago
Rafael Nadal makes winning return in Barcelona
12 hours ago
Sheetal Devi gives world champion a scare as armless archer bags silver in Khelo India national archery meet
12 hours ago
Dortmund stuns Atletico in dramatic Champions League quarters