Language : English 简体 繁體
News

Mnuchin Said to Advise U.S. Firms to Seek Huawei Exemptions

Jul 11 , 2019

Treasury Secretary Steven Mnuchin in recent days urged U.S. suppliers of Huawei Technologies Co. to seek licenses to resume sales to the blacklisted Chinese firm, according to people familiar with the situation.

The development reflects a recent reversal of the Trump administration’s get-tough stance on Huawei, amid continuing rifts among officials over how far the U.S. should go in trying to reach an accord with Beijing. Huawei’s pariah status in the U.S. has become a stumbling block in trade talks with China.

Mr. Mnuchin’s actions came after President Trump, in a concession to China’s President Xi Jinping, agreed last month to grant exemptions to the Huawei blacklist in cases that wouldn’t affect national security.

MORE HERE

Back to Top