US President Trump does not want to do business with China’s Huawei

Report: US expected to give Huawei another 90-day export license

Report: US expected to give Huawei another 90-day export license

When the Commerce Department blocked Huawei from buying USA goods earlier this year, it was seen as a major escalation in the trade war between the world's two top economies. Because Huawei still has customers to support in the smartphone and cellular infrastructure business, the US Department of Commerce gave Huawei a 90-day exemption on the ban, allowing it to support its existing customers.

A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019.

"At this moment it looks much more like we're not going to do business (with Huawei)".

The situation surrounding the license, which has become a key bargaining chip for the United States in its trade negotiations with China, remains fluid and the decision to continue the Huawei reprieve could change ahead of the Monday deadline, the sources said. "I don't want to do business at all because it is a national security threat and I really believe that the media has covered it a little bit differently than that". Somewhat lost amid the damage to Huawei's businesses is the fact that US companies like Qualcomm, Micron, Intel, and others face losing much of the business from Huawei that generated $11 billion in revenue past year. A separate ban prohibits companies that do business with Huawei from providing services to the US government.

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At the time of writing, neither the US Commerce department nor Huawei offered any comment. Last year, Trump signed a defense-spending bill that barred the federal government and its contractors from doing business with Huawei and several other Chinese companies on national security grounds. It follows a report claiming Trump would grant Huawei a 90-day license extention.

"I thought he made a very compelling argument, so I'm thinking about it", Trump said of Cook, speaking with reporters at a New Jersey airport.

As things goes, the license might be allowed to expire according to insider reports but the Commerce Department had declined to comment on this.

Apple was not immediately available for comment outside normal business hours.

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