US companies to resume trade with Huawei ‘very shortly’

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US companies to resume trade with Huawei ‘very shortly’

Nov 04, 2019 13:34 IST

The United States government has said that licences that permit US companies to sell components to Huawei could be "forthcoming very shortly". US Commerce Secretary Wilbur Ross in an interview with Bloomberg said a US-Huawei deal was on track to be signed this month, noting that the government has received 260 requests for the licences. Huawei, which was added to the US trade blacklist earlier this year in May, is one among 100 Chinese entities which are restricted from purchasing US software and components.