US delays Huawei trade ban for 90 days
Washington, : The US government temporarily delayed the implementation of a ban on trading with Chinese telecom giant Huawei for another 90 days.
“This final rule creates a 90-day temporary general license that partially restores the licensing requirements and policies under the Export Administration Regulations (EAR) for exports, reexports, and transfers (in-country) to sixty-nine entities added to the Entity List on May 16, 2019,” the Commerce Department said on Monday in a notice posted in the Federal Register.
The extension is effective through August 19, 2019, according to news report published in Sputnik.
The reprieve followed a decision to place Huawei on a US trade blacklist for engaging in activities that threaten US national security.
The decision temporarily eased some trade restrictions imposed last week on China’s Huawei.
By issuing temporary licenses with the new rule, Huawei Technologies will allow to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets.
Huawei has recently faced allegations that the company is linked to the Chinese government and has spied on its behalf. Although both Huawei and the Chinese government have firmly refuted these claims, Australia, Japan, New Zealand and the United States banned Huawei from participating in government contracts last year.
According to Chinese officials, Washington is making up all possible pretexts to damage the Chinese economy.
The company said that banning it from doing business with US firms would bring no benefit to the United States.
UNI.