[ad_1]
Two steps forward, one step back.
The Trump administration has apparently tried to adapt its strategy to intensify its trade conflict with China. Last week, he had effectively banned Huawei from importing US technology, a decision that forced several US companies, including Google, to partially break their relationship with China's telephone and telecom provider.
In a draft note not published in the Federal Register, the Commerce Department and its industry and safety bureau announced that Huawei would be granted a "90-day general temporary license" allowing it to continue using American technology. license of. New technologies and mobile phone models requiring new licenses will still need to be enforced – and these licenses are unlikely to be approved, according to Reuters.
The reasons for this inconvenience are not clear. One of the answers could be the impact on American jobs. The Information Technology and Innovation Foundation, a trade and research group in the sector, said in a new report that export controls could cost up to $ 56.3 billion in damages to the US economy and create up to 74,000 jobs, depending on their size. Clearly, the technology sector is most often opposed to new tariffs or export controls, and the Trump administration has made US jobs a central part of its domestic policy agenda.
The other answer could be that China now railed against the actions and subtly threatened access to the rare earths. President Xi Jinping Visited a Rare Earth Treatment Facility This Weekend, Political Analysts Seen as a Subtle Reminder of China's Rare Role in Rare Earth Exports, Where it Is the World's Largest .
Be that as it may, the new temporary stay will not change much in the calculation of the underlying trade, but it could give Huawei some breathing room to decide what to do next without US technology.
[ad_2]
Source link