During a press conference on Friday, President Donald Trump declared that the United States will not be doing business with Huawei (YouTube link).
According to Bloomberg, Trump is also suspending the licensing system put in place to allow U.S. firms to work with Huawei.
“We’re not going to do business with Huawei,” Trump said during the conference.
“That doesn’t mean we won’t agree to something if and when we make a trade deal, but we’re not going to be doing business with Huawei.”
According to Bloomberg, around 50 different U.S. companies applied for licenses to work with Huawei during the government’s ban against it.
Commerce Secretary Wilbur Ross, whose department has vetted the applications, said that decisions on those licenses remain as “pending.”
The Trump administration is delaying a decision on handing out licenses for US companies to resume shipping to China’s Huawei as the trade conflict continues, Bloomberg reported on Friday.
Why it matters: The move indicates there is no let-up from the US in its trade blacklisting of Huawei as it approaches the August 19 deadline of a 90-day-reprieve.
The decision came after Beijing said it was halting purchases of US farming goods, according to people familiar with the matter cited by Bloomberg.
Companies seeking to export US-made components and technology to Huawei must apply for a special license after the Department of Commerce put the company on a trade blacklist on May 16.
Details: Commerce Secretary Wilbur Ross said last week he had received 50 requests and that a decision on them was pending, according to Bloomberg.
US chipmakers such as Intel, Qualcomm, and Broadcom sent their chief executives to meet with President Trump in July in a bid to accelerate the process of obtaining licenses to sell to Huawei.
RIYADH: US Secretary of Defense Mark Esper showed up Monday in Saudi Arabia, state TV stated, days after the Pentagon said it was supporting its powers in the kingdom in tensions with Iran.
US secretary in Saudi Arabia:
Al-Ekhbariyah TV gave no information on the beforehand unannounced visit, which comes after Esper visited Afghanistan.
UK PM sends an unsigned letter to the EU asking for Brexit delay.
Four dead, seven injured as Indian forces target the civilian population in AJ, says DG ISPR.
On October 11, the Pentagon said it was conveying new US troops to Saudi Arabia after Riyadh requested reinforcements after a mid-September missile and drone assault on Saudi oil plants, which Washington faults on Iran.
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