SME Times is powered by   
Search News
Just in:   • Taking steps to uplift startups, manufacturing  • SEBI extends timeline for top 100 companies to hold AGM  • Agri exports increase 17.37% in 2020-21  • NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea  • Indian consumers showing reduced anxiety due to vaccine coverage 
Last updated: 10 Oct, 2019  

Huawei.9.Thmb.jpg Trump administration mulls okaying sales to Huawei: Report

Huawei.9.jpg
   Top Stories
» Taking steps to uplift startups, manufacturing
» Agri exports increase 17.37% in 2020-21
» Gig economy to boost employment of Indian women in formal sector
» India improves in UN's Survey on Digital & Sustainable Trade Facilitation
» E-commerce portal of MSME to enhance sector's global reach
IANS | 10 Oct, 2019
Ahead of the next round of trade talks between Washington and Beijing, the Trump administration is mulling to issue licenses to some US firms that will let them sell non-sensitive equipment to Chinese telecom giant Huawei, the media reported on Thursday.

The decision to begin the process of approving licenses was made by President Donald Trump in a meeting last week, sources familiar with the matter said.

A license to do business with Huawei would allow companies to sidestep a ban his administration had placed on Huawei earlier this year, CNET reported quoting The New York Times.

The move is being said to be an act of goodwill as senior Chinese and US officials gather for trade talks on Thursday.

Business are reportedly hoping negotiators will agree on an interim or partial deal to prevent higher tariffs and additional duties on imports from China.

As of August, over 130 applications have reportedly been submitted to the Commerce Department for licenses to sell US goods to the Chinese tech giant.

The Trump administration said in June that some sales would be allowed under the licenses, but none has yet been issued, the CNET report added.

In May, the US government had placed a ban on Huawei and dozens of its affiliates, citing national security concerns.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 24 Jul, 2021
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter