U.S. does not want to do business with Huawei on national security grounds: Trump

As a gesture of good faith, the U.S. is slated to extend a “temporary general license” for Huawei for a period of 90 days.

Despite the fact that the Trump Administration has extended a grace period for U.S. business to transact with China’s Huawei, U.S. President Donald Trump stated, he does not want the United States to do business with Huawei.

According to media reports, the U.S. Commerce Department is likely to extend the “temporary general license” to Huawei for 90 days.

Before boarding Air Force One in New Jersey on Sunday, Trump made it clear that he did not want to do business with Huawei on grounds of national security.

“At this moment it looks much more like we’re not going to do business,” said Trump. “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.”

He however stated, there were small parts of Huawei’s business that could be exempted from a broader ban facing the company, but doing so could make matters “very complicated.”

Trump did not elaborate whether his administration would extend the “temporary general license.”

Larry Kudlow, a director at the National Economic Council stated, the Commerce department would extend the Huawei licensing process for a period of three months as a gesture of “good faith”.

“We’re giving a break to our own companies for three months,” said Kudlow on NBC’s “Meet the Press”.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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