President Donald Trump's administration has announced that it will extend licenses for U.S. companies to continue doing business with China's Huawei Technologies Co Ltd until May 15.
According to Reuters, President Donald Trump's administration has announced that it will extend the license for US companies to continue doing business with China's Huawei Technologies Co Ltd until May 15.
The U.S. Department of Commerce has granted an extended range of temporary licenses that the agency previously extended to Huawei until April 1. Since putting Huawei on a commercial blacklist in May last year on grounds of "national security concerns," the United States has four times extended its ban on trading to the world's second-largest smartphone maker.
In the accompanying press release, the US Department of Commerce said it had received public comments on whether to extend the temporary license extension for Huawei in the future.
In addition, the agency also called on U.S.-based companies in the field of technology and telecommunications to share ideas about potential costs if the temporary license for Huawei expires.
Trump's administration has long accused Huawei of associating with the Chinese government and possibly a security threat to the United States. In May 2019, the U.S. Treasury Department put Huawei on the list of technology trade restrictions.
Every US technology company wishing to transact with Huawei must obtain a special license from the agency. This makes Google, Microsoft and Qualcomm all have to stop cooperating with Huawei for a while.
The United States also uses its influence to encourage allies not to use Huawei's 5G equipment. However, so far both Germany and the United Kingdom, the two major US allies, have accepted Huawei's involvement in 5G development.
