Huawei may seize 90-day US trade reprieve to plan next moves

  • Economy
  • Tuesday, 20 Aug 2019

FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo

HUAWEI Technologies, the world’s largest telecommunications equipment supplier, may have an opportunity to draw up new plans after Washington granted it a further reprieve to buy major components from American hi-tech companies.

US Commerce Secretary Wilbur Ross had earlier confirmed in a US television interview that Huawei’s “temporary general licence”, which would have expired on Monday, will be extended for another 90 days until November 19 and that another 46 affiliates of the Chinese company was added to the government’s trade blacklist.

The company remains banned from buying American parts and components to manufacture new products without a special Commerce Department licence.

Click here to go to SCMP: Caught in trade war, Huawei may seize 90-day US trade reprieve to plan next moves

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