U.S. set to extend license allowing firms to do business with Huawei
- 4 years ago
The U.S. is likely to issue a two-week extension of a license that allows companies to continue doing businesses with Huawei.
According to sources cited by Reuters,... the Trump administration is set to announce the decision on Monday, local time, when the previous 90-day extension expires.
A longer extension is reportedly being drawn up, but is not finalized due to regulatory hurdles.
Earlier this year, the Commerce Department added Huawei to an economic blacklist citing national security concerns.
But it has allowed the tech giant to continue doing limited business with American companies.
According to sources cited by Reuters,... the Trump administration is set to announce the decision on Monday, local time, when the previous 90-day extension expires.
A longer extension is reportedly being drawn up, but is not finalized due to regulatory hurdles.
Earlier this year, the Commerce Department added Huawei to an economic blacklist citing national security concerns.
But it has allowed the tech giant to continue doing limited business with American companies.