REUTERS/Hannibal Hanschke -/File Photo
- President Donald Trump's administration issued a 90-day extension allowing US companies to continue doing business with China's Huawei Technologies.
- The US Commerce Department initially added Huawei to an economic blacklist in May, saying the company is engaged in activities "contrary to US national security or foreign policy interests," but has since been allowed to purchase some American-made goods in a series of 90-day license extensions.
- The newest license comes amid discussions between the United States and China aimed at developing an initial agreement to resolve a trade war that has roiled for over a year.
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WASHINGTON (Reuters) – The Trump administration on Monday issued a new 90-day extension allowing US companies to continue doing business with China's Huawei Technologies Co Ltd as US regulators continue crafting rules on telecommunications firms that pose national security risks.
After adding Huawei to an economic blacklist in May citing national security concerns, the US Commerce Department has allowed it to purchase some American-made goods in a series of 90-day license extensions that it says aim to minimize disruption for its customers, many of which operate networks in rural America.See the rest of the story at Business Insider
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