US eases restrictions on Huawei; founder says US underestimates Chinese firm


  • TECH
  • Tuesday, 21 May 2019

A Huawei store is seen at a commercial area in Wuhan, Hubei province, China March 30, 2019. Picture taken March 30, 2019. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT.

NEW YORK/SHANGHAI: The United States has temporarily eased trade restrictions on China’s Huawei to minimise disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for US action. 

The US Commerce Department blocked Huawei Technologies Co Ltd from buying US goods last week, saying the firm was involved in activities contrary to national security. 

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