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Huawei has been banned from doing business with US companies in May this year, but a few days later it has received a temporary permit allowing it to continue dealing with US companies for a limited period. The Chinese company had 90 days to deal with US companies, but this deadline is exceeded today.
According to the Reuters news agency, the US Department of Commerce is expected to extend the commercial license granted to Huawei by three months. We hope that the United States and China will respect this new deadline to agree on their ongoing trade disputes.
The Reuters news agency has obtained this information from "two sources close to the situation" because we have not received any official comment on this from both parties. The United States currently uses Huawei as a currency in their discussions with the Chinese government. Presidents Donald Trump and Xi Jinping are expected to discuss the future of society later this week.
According to US Secretary of Commerce Wilbur Ross, more than 50 companies have submitted their own license applications to continue their business with Huawei. Of the $ 70 billion spent by Huawei in components for 2018, about $ 11 billion went to US companies such as Qualcomm, Intel, and Micron, which make components such as processors, memory chips, and 5G antennas.
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