90-day period of suspension of sanctions on Huawei no blacklist out – Business

90-day period of suspension of sanctions on Huawei no blacklist out - Business

On May 21, the United States Government announced that in the face of the blockade imposed on Chinese companies, it would grant Huawei a 90-day period to suspend sanctions. The Chinese manufacturer would then be able to use US components and software before sanctions were effectively imposed against the Chinese group. This three-month period is ending and there is no end to the company's blacklisting. According to sources familiar with the case, in a statement to Reuters, this exemption period could be extended by another 90 days.

According to the news agency, the new extension of the deal will allow the Chinese company to continue to purchase the components it needs for its equipment. Experts say Huawei remains an important United States asset in the trade war against China, and thus, with the new concession, "everything stays the same."

The same sources also say that a phone call is planned between Donald Trump and Chinese President Xi Jinping this week to discuss Huawei's situation. For now, the company has not commented on any new decisions.

It should be recalled that US sanctions prevent Huawei from using the Android operating system on its new smartphones, and have a major impact on the company's operations, as the brand is number 2 worldwide. Regardless of lifting the embargoes and removing them from the sanctions blacklist, Huawei has remained firm in producing its own operating system, HarmonyOS, and has recently unveiled the roadmap for the coming years.

On the other hand, US agencies continue to be prohibited from buying products from Huawei, while maintaining compliance with the law known as The National Defense Authorization Act, implemented in January 2018.

Source link