The Crossroads of Special Operations

Friday, June 25, 2021

Huawei plays down impact of new U.S. license extension | Reuters

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The Trump administration allowed U.S. firms to continue doing business with the Chinese company, Huawei, with a new 90-day extension, but Huawei dismisses it due to unfair treatment. Back in May, U.S. regulators set rules on telecommunications firms that threaten national security, and the U.S. Commerce Department added Huawei to the economic blacklist. The purpose of the 90-day extension is to alleviate customer disruptions. Huawei plays this down, claiming this does not change the fact that they were mistreated. Foreign Minister spokesman, Geng Shuang, said, “We urge the U.S. to stop abusing export controls discriminating against the firms of another country in the name of national security, and to stop politicizing a trade problem.” Although the U.S. believes they are doing Huawei a favor, Huawei believes it is doing more harm than good to the U.S economy, because of the U.S. businesses Huawei is involved with.

Source: https://www.reuters.com

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