The Indian Express : May 21, 2019, 12:35 PM
The US government has temporarily eased trade restrictions imposed last week on China’s Huawei, a move aimed at minimising disruption for its customers but dismissed by its founder who said the tech firm had prepared for US action.The US Commerce Department will allow Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets.
The world’s largest telecommunications equipment maker is still prohibited from buying American parts and components to manufacture new products without license approvals that likely will be denied.The US government said it imposed the restrictions because of Huawei’s involvement in activities contrary to national security or foreign policy interests. The new authorisation is intended to give telecommunications operators that rely on Huawei equipment time to make other arrangements, US Secretary of Commerce Wilbur Ross said in a statement on Monday.
The world’s largest telecommunications equipment maker is still prohibited from buying American parts and components to manufacture new products without license approvals that likely will be denied.The US government said it imposed the restrictions because of Huawei’s involvement in activities contrary to national security or foreign policy interests. The new authorisation is intended to give telecommunications operators that rely on Huawei equipment time to make other arrangements, US Secretary of Commerce Wilbur Ross said in a statement on Monday.