US Commerce Secretary Wilbur Ross said that China’s tech giant Huawei will be granted another 90 days delay to the implementation of penalty. He told Fox Business Network that “It is another 90 days for the U.S. telecom companies. Some of the rural companies are dependent on Huawei. So we’re giving them a little more time to wean themselves off. But no specific licenses are being granted for anything.” The next deadline is roughly November 19.
Ross also said that 46 more Huawei subsidiaries were added to the Entity list. And, “we now have more than 100 subsidiaries on the Entity List,” he said, explaining that “adding more entities makes it more difficult for Huawei to get around the sanctions.”
US President Donald Trump indicated he’s not ready to do business with China’s tech giant Huawei yet. He said “at this moment it looks much more like we’re not going to do business… because it is a national security threat and I really believe that the media has covered it a little bit differently than that.”
