Trump refuses to forge deals with Huawei citing national security
Category: #headlines  By Mateen Dalal  Date: 2019-08-19
  • share
  • Twitter
  • Facebook
  • LinkedIn

Trump refuses to forge deals with Huawei citing national security
  • Donald Trump declares the business with Huawei as a national threat and hence forth has declined all the business opportunities with the company.
     
  • The existing contract of the Commerce Department is expected to end sooner.

The United States President Donald Trump has reportedly announced that he plans to refrain from conducting business with the Chinese technology giant Huawei owing to the national security concerns following the extension of the company’s contract.

As per trusted sources, Trump has admitted on not doing the business with the company because of the national security threat. Apparently, the President is about to decide on the plan in the days to come, regarding the issue.

Meanwhile, the sources reported that the Commerce Department of the country was planning on the extension of the company’s license for over 3 months permitting it to resume the business with the US companies. It has been reported that the existing agreement is expected to come to an end sooner.

Speculation has it that the Commerce Department has put Huawei on a blacklist in May after the President declared a national emergency over threats to the United States technology. The blacklist restricts the U.S. companies from trading the technology to Huawei unless they are granted a special license.

Reportedly, Trump and Xi during the G-20 summit in June agreed to bring to halt the trade war as the two fronts required to restart trade negotiations. However, Trump allowed the sales of products to the company.

Following the declaration made by the President after his meeting with Xi, the White House faced a political backlash in the Congress over the President’s comments on Huawei. According to the economic advisor of White House, Larry Kudlow, the administration did not grant the company a general pardon.

Subsequently, the trade war has also intensified significantly after Trump’s June meeting with Xi. Trump earlier announced to impose a 10 per cent duty on over USD 300 billion in the products imported from China which he later called off due to apprehensions about the holiday season.

Source credit: https://www.cnbc.com/2019/08/18/trump-says-he-doesnt-want-to-do-business-with-huawei-due-to-national-security-concerns.html

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

Mateen has completed his Bachelor’s degree in electronics and telecommunication engineering, post which he lent his proficiency to the industry, working as a quality and test engineer. Drawn intricately toward the field of content creation however, Mateen soon switc...

Read More

More News By Mateen Dalal

Novo Nordisk and Medtronic team up to offer digital diabetes solutions
Novo Nordisk and Medtronic team up to offer digital diabetes solutions
By Mateen Dalal

With growing population of diabetic patients, diabetes management is becoming a daunting activity. Sugar level management and insulin injections tracking is a difficult work. Thus, leading pharmaceutical companies are collaborating with medical devic...

Akesis unveils its advanced Galaxy™ RTi and Gemini360 at ASTRO 2019
Akesis unveils its advanced Galaxy™ RTi and Gemini360 at ASTRO 2019
By Mateen Dalal

The healthcare company will showcase its drugs in the ASTRO annual meeting 2019 that could help offer improved efficiency and confidence in treatment delivery. Akesis, Inc., a hospital and healthcare company based in the U.S. that offers innovative...

Adverum reveals positive results from Phase 1 trial of ADVM-022
Adverum reveals positive results from Phase 1 trial of ADVM-022
By Mateen Dalal

The drug was well tolerated and was safe, and has shown the capacity to improve the treatment paradigm for patients with wet AMD. Adverum Biotechnologies, Inc., a company that develops medical therapies for ocular and rare diseases, recently announc...