Sunday 30 June 2019

Trump's economic advisor says Huawei remains on the Entity List; company not totally off the hook

Early Saturday morning, we told you that the presidents of both the U.S. and China, Donald Trump and Xi Jinping respectively, had reached a truce on the trade war embroiling both countries. As a result, Trump told the media early Saturday morning that "U.S. companies can sell their equipment to Huawei. We're talking about equipment where there's no great national security problem with it." Last month, Huawei was put on the U.S. Commerce Department's Entity List preventing it from buying supplies from U.S. companies. Because of the ban, Huawei was about to be forced into using its own Hongmeng ...

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