US could decide on licenses for companies to sell to Huawei by next week

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The licensing decisions would give much-needed clarity to American companies that do business with Huawei. FMTNews

The Trump administration has warned that Huawei could be a vehicle for Chinese espionage.

Ross said he expects a decision on the licenses will be “forthcoming” by the time he returns to the United States, after making additional stops in Argentina and Peru over the next few days. The licensing decisions would give much-needed clarity to American companies, which have been looking for guidance since US President Donald Trump promised in late June to provide some relief to firms that did business with Huawei.

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