US Commerce Department's 90-day reprive extension does not change much for Huawei
- 1 month ago
The U.S. Commerce announced that it will allow Huawei a further 90-days of reprieve, in which it can still conduct business with U.S. firms.
Commerce Secretary Wilbur Ross said, “As we continue to urge consumers to transition away from Huawei’s products, we recognize that more time is necessary to prevent any disruption.”
Although it may seem positive, Huawei is by the least happy about it as it released a statement earlier today.
“The extension of the Temporary General License does not change the fact that Huawei has been treated unjustly. Today’s decision won’t have a substantial impact on Huawei’s business either way.”
Adding that the U.S. Bureau of Industry and Security had blacklisted a further 46 affiliates of Huawei.
“These actions violate the basic principles of free market competition. They are in no one’s interests, including U.S. companies.”
Source: Smart Trend Team