China’s tech giant Huawei will be granted a 90-day reprieve allowing it to continue buying technology and equipment from American firms, US Commerce Secretary Wilbur Ross said on Monday.
The “temporary general license” that was set to expire on Monday will be extended for Huawei for another 90 days, the official said in an interview to the Fox Business Network. Thus the new deadline allows Huawei to buy supplies from US telecom companies until around November 19.
“Some of the rural companies are dependent on Huawei. So we’re giving them a little more time to wean themselves off. But no specific licenses are being granted for anything,” Ross said as cited by the media.
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The commerce secretary added that more than 40 Huawei affiliates will be put on the ‘Entity List’, which bans American firms from doing business with listed companies. Huawei was added to the list back in May, but US companies were temporarily allowed to sell some products to the tech giant, while the ban stayed in force. (RT)
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