United States has further delayed the trade ban on Huawei, a Chinese technology firm under US inquiry over security issues, for the next 90 days. Though the company was blacklisted in May but it has a temporary permit which was going to end now.
Now, Commerce Secretary, Wilbur Ross has revealed that the US has postponed the trade ban on Huawei for the next three months. The US granted the extension to allow technology companies like Google to keep trading with Huawei with adjustment in restrictions. Mr. Ross said that the extension meant to let the firm wean off.
However, Huawei discourages the latest decision as the US also added its 46 affiliates into Entity list. The company stated that the US move will not bring any subsequent impacts on its business. Earlier President Donald Trump commented that we do not want to continue trade with the Chinese tech giant. The statement has forced the analysts to consider the comments a gesture that the US will not prolong the reprieve.
Huawei is a China-based technology firm which remained under tighter restrictions over the allegations of spying for the Chinese government. United States has insisted that the company poses a threat to its national security and stopped it to trade in the US without approval.
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