HomeLive CommentsUS grants housekeeping temporary exemptions on restrictions on Huawei

US grants housekeeping temporary exemptions on restrictions on Huawei

The US Commerce Department announced limited exemptions on products of Chinese telecom giant Huawei. The move is seen as for keeping the house in order, so as to prevent internet, computer and cell phone systems from crashing

Under the move, Huawei and its 68 non-US affiliates will be granted 90 days temporary general license to have  limited engagement in transactions involving the export, reexport, and transfer of items.

With the arrangement, “this license will allow operations to continue for existing Huawei mobile phone users and rural broadband networks”. The Commerce Department said it will evaluate whether to extend the exemptions beyond 90 days.

Full statement here.

ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Latest Analysis

Learn Forex Trading