Trade truce good chance for more US firms to do business with Huawei

The US has said it fears that systems built by Huawei could be used by China’s government for espionage via built-in secret security ‘backdoors.’

While Trump had signalled the softer position on Huawei, a sticking point in trade talks, by saying US companies could sell equipment “where there’s no great national security problem,” Kudlow added a bit of detail. “We had a very good meeting. He wants to make a deal. I want to make a deal. Very big deal, probably, I guess, you’d say the largest deal ever made of any kind, not only trade,” the president said, according to a transcript released by the channel.

Kudlow emphasised that Huawei will remain on the so-called US Entity List – foreign companies and individuals that are subject to specific export and technology transfer licensing requirements.“The Commerce Department will grant some temporary additional licenses where there is a general availability” of the products to be sold, he added.

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BREAKING: Trump says Huawei can still deal with U.S. companies | SoyaCincau.comshares Facebook Twitter Google+ WhatsAppHuawei can finally breathe a sigh of relief as US President Donald Trump has announced that he will allow the Chinese telecommunications giant to buy products from American suppliers. This was revealed after talks with China’s President Xi Jinping during the Group of 20 Summit in Osaka, Japan. He told reporters …
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