Moneymoney

Sat Aug 17, 2019, 11:07 PM

Trump Grants Huawei 90 Day Reprieve

Trump Grants Huawei 90 Day Reprieve To Buy From American Suppliers

late on Friday Trump made another unexpected concession when the Commerce Department announced it would extend a reprieve given to Huawei permitting the Chinese firm to buy supplies from U.S. companies so that it can service existing customers.

Back in May, after the US Commerce Dept blacklisted Huawei, it allowed the Chinese telecom giant to purchase some American-made goods in a move aimed at minimizing disruption for its customers, many of which operate networks in rural America.

The “temporary general license” will be extended for Huawei for 90 days, according to Reuters, and will renew an agreement set to lapse on August 19, continuing the Chinese company’s ability to maintain existing telecommunications networks and provide software updates to Huawei handsets.

https://www.zerohedge.com/news/2019-08-17/trump-grants-huawei-last-minute-license-extension

Despite the last minute reprieve, the world’s largest telecommunications equipment maker is still prohibited from buying American parts and components to manufacture new products without additional special licenses. Many Huawei suppliers have requested the special licenses to sell to the firm. Commerce Secretary Wilbur Ross told reporters late last month he had received more than 50 applications, and that he expected to receive more.

And one more flip-flop by trump.

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Reply Trump Grants Huawei 90 Day Reprieve (Original post)
uncledad Aug 17 OP
RCW2014 Aug 17 #1

Response to uncledad (Original post)

Sat Aug 17, 2019, 11:22 PM

1. What Trump has done is show the world's businesses and governments that the US

is one you should not count on to do business with.

Those businesses/governments are working at breakneck speed to correct the errors of their ways in trusting the US voters and nycmoneychangers.

Not a easy or quick task but the correction of their ways are taking place.

The US done "screwed the pooch" and the world economic order is changing.

"Sanction that and tariff this"...fools.

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