After months of the trade war between the US and China, the US administration will finally lift most of the sanctions from the Chinese technology giant, the Financial Times reports. A statement has already been made by representatives of the WhiteHouse, who announced changes in relations with a foreign partner.
The head of the National Economic Council Larry Kudlow told reporters that the Ministry of Commerce is going to significantly reduce the licensing requirements for companies wishing to do business with Huawei. Earlier at the G20 summit, the heads of the United States and China had already reached an agreement on the resumption of trade relations between American firms and a Chinese company. However, formally, the company remained under sanctions, and in respect of requests to do business with the technical giant, companies from the United States were instructed to use the "presumption of refusal".
American tech giants, including Intel and Qualcomm, lobbied for the lifting of the ban on the sale of its Huawei products, citing the fact that the ban will prevent the company from doing business and will bring more harm to local manufacturers. However, U.S. Secretary of Commerce Wilbur Ross said that the government will continue to protect U.S. advanced technology and U.S. companies should not share intellectual property and trade secrets with third parties.
The US authorities, according to the Minister, leave in force a ban on the purchase of foreign equipment that poses a potential threat to the national security of the country. In addition, a number of us companies will still need a special license to trade with Huawei.
In mid-may, Washington put Huawei on the "blacklist" of suppliers, and us President Donald Trump signed a decree prohibiting American companies from trading with a Chinese vendor without obtaining a special license. In response to the sanctions, the company announced the development of its own replacement of the mobile operating system Google Android.