November 20, 2019
U.S. approves first licenses for tech sales to Huawei
Source: The Washington Post
Journalists: Ellen Nakashima, Joseph Marks, Jeanne Whalen
The Trump administration announced Wednesday that it has begun issuing licenses allowing some companies to restart U.S. tech sales to China’s Huawei, months after adding the telecom company to a trade blacklist.
The licenses, which will benefit both U.S. tech companies and Huawei, come as the United States struggles to secure a wider trade deal with China.
The Commerce Department approved roughly one-quarter of the nearly 300 license applications it received from companies, according to an industry official who spoke on the condition of anonymity to discuss nonpublic information. One-quarter of applications are receiving denial notifications and no action has been taken on the rest, the official said.
Read the full story and more in The Washington Post.