67.23 ↑ 100 JPY
11.43 ↑ 10 CNY
74.10 ↑ USD
64.10 ↓ 1000 KRW
+31° ветер 2 м/c
27 July


US companies want to trade with Huawei, despite Trump sanctions

The US Commerce Department has received more than 130 applications from companies for licences

Photo: Reuters

/NOVOSTIVL/ The US Commerce Department has received more than 130 applications from companies for licences to sell US goods to China’s Huawei Technologies, three sources said, nearly two months after President Donald Trump said some sales would be allowed. This article appeared in the Reuters.

But the Trump administration has not yet granted any licenses for sales to the blacklisted company, said the people familiar with the process who spoke to Reuters on the condition of anonymity.

The standstill coincides with mixed messages from Trump in the US-China trade war, which have dimmed hopes for prompt decisions on license applications to sell to Huawei, the world’s top producer of telecoms equipment.

That has raised the spectre of billions of dollars of lost sales for chip makers, software companies and others in Huawei’s US supply chain.

"Nobody in the executive branch knows what (Trump) wants and they’re all afraid to make a decision without knowing that," said William Reinsch, a former Commerce department official.

Last week, Trump vowed to raise tariffs on US$550 billion in Chinese imports, hours after China imposed new levies on US$75 billion in US goods. Then he softened his tone towards China at the G7 leaders’ meeting over the weekend, saying he thought the world’s two largest economies would reach a deal to end the tit-for-tat trade war that has roiled markets and hammered growth.

China expert Derek Scissors of the American Enterprise Institute said a breakthrough in US-China trade talks could spur licence approvals for Huawei as soon as next month.

A spokesman for the Commerce Department said: "The inter-agency process, weighing licence requests concerning Huawei and its non-US affiliates, is currently ongoing".

Huawei did not immediately respond to a request for comment but has called for the United States to remove the company from the so-called entity list and put an end to what it called "unjust treatment".