US Huawei sales ban may lift in 2-4 weeks

US Huawei sales ban may lift in 2-4 weeks

US Huawei sales ban may lift in 2-4 weeks

The US could approve licenses for companies to re-start sales to Huawei within the next two weeks, Reuters has reported, citing a senior US official. It was said by the White House that giving American companies the "green light" to continue selling to Huawei isn't a "general amnesty" by Trump for Huawei.

At the G20 Summit recently, it appears President Donald Trump was ready to lift the restrictions following talks with Chinese president Xi Jinping, and commerce secretary Wilbur Ross then confirmed licences would be issued in cases where there was no threat to national security.

Huawei declined to comment to the newspaper. They asked to remain anonymous. Former Commerce Department official Kevin Wolf, now an attorney, says that "Since there's no downside, companies are absolutely submitting applications, as required by the regulations".

According to the sources, Huawei plans to lay off employees at auxiliary research company Futurewei Technologies, which runs labs all over the country, with some workers already being notified of their redundancy.

The layoffs could be in the hundreds, one person told the Journal.

According to latest report by Reuters, it is likely that us companies will receive permission to resume business with Huawei in two to four weeks.

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Furthermore, not all USA sales to Huawei hinge on government approvals of license requests.

For the record, the Trump administration reportedly blacklisted tech giant, Huawei along with over five dozen of the company's affiliates from purchasing American components and technology owing to national security concerns.

The company has denied the United States accusations and says the concerns are unfounded.

There is already some discussion about the United States easing restrictions and granting licenses on a case per case basis. Company CEO and founder Ren Zhengfei said he expects it to lose $30 billion over the next few years because of the ban.

The layoffs will occur within the telecom company's research and development subsidiary, Futurewei Technologies. This could strictly hamper Huawei's ability to create and develop advanced telecommunications products.

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