\tUS Secretary of Commerce Wilbur Ross warned the country would err towards denying companies licences to trade with Huawei, unless it was clear any deals did not risk national security.<\/p>\n
At a conference, Ross explained applications to trade with Huawei would be reviewed with a \u201cpresumption of denial\u201d. Authorities are keen to ensure “we don’t just transfer revenue from the US to foreign firms”, he stated.<\/p>\n
He added Huawei\u2019s presence on a US trade blacklist [1] and the scope of items requiring licences remain unchanged despite the intervention of President Trump [2] late last month.<\/p>\n
Ross did not specify what kinds of trade might present a threat to national security.<\/p>\n
In an interview with\u00a0CNBC, US economic adviser Larry Kudlow explained: “With respect to the private market, I call it general merchandise, we\u2019ve opened the door and relaxed a bit the licensing requirements for the Commerce Department, where there are no national security influences or consequences.”<\/p>\n
By way of example, he said some chip companies would be permitted to sell products to Huawei on a limited basis.<\/p>\n
It is unclear how much the limited respite will help Huawei given the pending implementation of another Trump directive. By mid-October, Ross said the Department of Commerce will issue interim rules to enforce an executive order barring companies from using equipment or services supplied by companies deemed a security risk.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/huawei-lands-on-us-trade-blacklist\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/white-house-defends-trumps-huawei-u-turn\/<\/p>\n","protected":false},"excerpt":{"rendered":"
US Secretary of Commerce Wilbur Ross warned the country would err towards denying companies licences …<\/p>\n
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