Trade ban on Huawei temporarily lifted for 90 days

Posted on Tuesday, May 21 2019 @ 14:38 CEST by Thomas De Maesschalck
Huawei logo
Following yesterday's trade ban on Huawei, the U.S. Department of Commerce now temporarily lifted it by allowing companies to do trade via a Temporary General License (TGL). This license expires within 90 days, and will temporarily allow firms like Google to continue dealing with Huawei.
The Secretary of Commerce, Wilbur Ross, commented on the decision, saying:

“The Temporary General License grants operators time to make other arrangements and the Department space to determine the appropriate long term measures for Americans and foreign telecommunications providers that currently rely on Huawei equipment for critical services. In short, this license will allow operations to continue for existing Huawei mobile phone users and rural broadband networks.”
Via: Neowin

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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