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Trump administration puts Huawei licenses on hold as China tensions increase

By midian182 · 14 replies
Aug 9, 2019
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  1. According to Bloomberg, which cites people familiar with the matter, the decision comes after tensions with China ramped up once again. Earlier this week, the Asian nation said it was stopping purchases of US farming goods, which follows last week’s announcement by Trump that, beginning on September 1, the US will institute a 10 percent tariff on $300 billion of Chinese imports. The treasury department labeling China as a currency manipulator was unlikely to have helped matters.

    Commerce Secretary Wilbur Ross had said the decision to review more than 50 license applications could begin this week, but it seems those US firms looking to trade with Huawei are going to have to wait.

    Almost two weeks after Huawei was added to an entity list, Trump said at the G20 summit that “US companies can sell their equipment to Huawei. I’m talking about equipment where there’s no great national emergency problem with it.” But the loosening of restrictions depended on China increasing its purchases from American farmers, which Trump says it failed to do.

    While the Huawei ban is supposedly to protect America’s national security, adverse effects are being felt in the US, including the loss of 600 workers from its Futurewei subsidiary. And although firms have been using a loophole to circumvent the blacklisting, US tech giants warn that the situation will only harm the industry.

    Earlier today, Huawei revealed what could be a potential replacement for Android on its smartphones, HarmonyOS.

    Permalink to story.

     
  2. psycros

    psycros TS Evangelist Posts: 2,777   +2,589

    Well, if China just wants even higher reciprocal tariffs then so be it. Eventually starvation will kick in because nobody but the US can produce enough food for their insane population growth.
     
    tkabou, loki1944 and Mushahid like this.
  3. Franklin Strum

    Franklin Strum TS Rookie

    Bloomberg News put up a fake story. I saw the video he never mentioned anything about Huawei and they also lied about that US companies will not be able to sell to Huawei. According to Caixin Global News, two Japanese companies received confirmation that American technology will be in Huawei phones so they will start selling them in Japan. This includes Google.
     
  4. wiyosaya

    wiyosaya TS Evangelist Posts: 4,118   +2,406

    That''s a Chinese web site . How is the article not propaganda? :confused:
     
    loki1944 likes this.
  5. wiyosaya

    wiyosaya TS Evangelist Posts: 4,118   +2,406

    As I see it, it is a game of chicken no one will win.
     
    Mixkhata likes this.
  6. netman

    netman TS Evangelist Posts: 344   +105

    There must be a loser, and that is the consumers!
     
    wiyosaya likes this.
  7. Pinky The brain

    Pinky The brain TS Rookie

    Pride is before a crash, and a haughty spirit before stumbling
     
    wiyosaya likes this.
  8. Pinky The brain

    Pinky The brain TS Rookie

    As I see it, it is aggressive economic war and terror imposed by the US to China, and the rest of the world, because the US are unable compete on the world market abiding by WTO rules imposed by US after WW-II.
     
    wiyosaya likes this.
  9. Mushahid

    Mushahid TS Rookie

    I know it is out of context but
    China is world's biggest producer, importer and consumer of food. Just saying lol
    Following with India which is the 2nd largest food producer.
    Then comes the US.
     
    wiyosaya and Mixkhata like this.
  10. wiyosaya

    wiyosaya TS Evangelist Posts: 4,118   +2,406

    https://www.cnbc.com/2014/04/03/about-20-of-chinas-economy-is-contractingeconomist.html
    https://www.scmp.com/news/asia/sout...conomy-shrinks-us-china-row-hits-global-trade
    https://www.bbc.co.uk/news/business-49290926
    https://www.bloomberg.com/news/arti...omy-contracts-sharply-as-manufacturing-slumps
    Go Trump! :facepalm: Make America Red Again. :facepalm:
     
  11. Pinky The brain

    Pinky The brain TS Rookie

  12. treetops

    treetops TS Evangelist Posts: 2,609   +595

    The tech companies Trump said he's fighting for(to protect secrets) all sent him a letter stating that they are against the tariffs. It's on Techspot look it up. It's also been stated that these tarriffs cost the USA about as much as the permanent tax breaks given to the top .1%. Good thing China is paying for it, oh wait, reality.
     
  13. gandrew

    gandrew TS Rookie

    yeah I heard about it too
     
  14. Pinky The brain

    Pinky The brain TS Rookie

    As long as the Yuan is devaluating you could argue China pays for it.. But as I gather, Trump is not to happy about the devaluation neither :)
     
  15. loki1944

    loki1944 TS Addict Posts: 178   +120

    Outstanding. Kick those commies in the nuts.
     
    tkabou likes this.

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