Huawei Has To Keep Waiting As White House Delays In Granting Licenses

China Trade

The Department of Commerce stated it couldn't verify the news and declined to comment.

Details: Commerce Secretary Wilbur Ross said last week he had received 50 requests and that a decision on them was pending, according to Bloomberg.

A report that Washington was delaying a decision about allowing some trade between USA companies and Huawei again spooked Asia, while the prospect of snap elections in Italy brought down shares across Europe.

United States data pointed to a robust labour market as the number of Americans filing applications for unemployment benefits unexpectedly fell last week, allaying some worries about a recession and helping Treasury yields rise.

The Association of China Rare Earth Industry issued a statement this week after a special working meeting to discuss the "guidance" it was given by Chinese President Xi Jinping during his visit to a rare earth plant in May. However, that promise was contingent upon China beefing up its purchases from American farmers, which Trump has complained the nation has failed to do.

Last week, U.S. President Donald Trump announced new tariffs on another $300 billion in Chinese imports and formally branded Beijing as a currency manipulator on Monday, in response to a drop in value of the yuan.

Huawei said it would challenge the move in federal court.

More news: Apple rumoured to be developing foldable iPhones/iPads; likely to launch in 2021

Technology companies have already made their pitch to the White House for a rapid granting of licenses that would allow them to resume some shipments of components to Huawei. Continuing access to that market is crucial to the fortunes of chipmakers such as Intel Corp., Qualcomm Inc. and Broadcom Inc., who sent their chief executives to meet with Trump in July.

In May, President Trump signed an executive order that banned US companies from using Huawei equipment; however, the administration lifted the ban at the beginning of July after Trump and Chinese President Xi Jinping agreed to a trade ceasefire at the G-20 summit in Osaka, Japan. "China trade dispute remains a risk, and this risk is not receding".

The Commerce Department's preliminary finding comes just a week after Washington announced new punitive duties on another $300 billion in Chinese goods, meaning that starting September 1 all Chinese imports will be subject to punitive tariffs. It additionally hurt sales at some American tech companies for which Huawei is a significant customer.

Calling the US trade measures on China a form of "bullying",. the association vowed to support Chinese countermeasures in the escalating trade war.

Based on these rates, USA customs agents will begin collecting duties from importers.

The Trump administration is delaying a decision on handing out licenses for United States companies to resume shipping to China's Huawei as the trade conflict continues, Bloomberg reported on Friday.

The cabinet case was launched in March by a trade group called the American Kitchen Cabinet Alliance.

Related News:

  • Owner of SoulCycle, Miami Dolphins faces outrage over Trump fundraiser

    Owner of SoulCycle, Miami Dolphins faces outrage over Trump fundraiser

    Proceeds will be going towards Trump Victory, a committee raising money for the 2020 election and Republican National Committee. Brzezinski, on Thursday, suggested that Ross' fundraiser showed that he didn't have a "soul".
    Willie Nelson 'Feeling Better,' Will Resume 2019 Tour

    Willie Nelson 'Feeling Better,' Will Resume 2019 Tour

    Willie Nelson , who cancelled upcoming concerts over a health issue earlier this week, now says he'll resume his tour next month. ET has learned that he will resume his tour on September 6 and will appear at Farm Aid in East Troy, Wisconsin, on September 21.
    Damascus rejects Turkey-US plan, Kurds give guarded welcome

    Damascus rejects Turkey-US plan, Kurds give guarded welcome

    According to the information, Syria considers this agreement to violate global law and the territorial integrity of the country. The Turkish "threats are serious and have unsafe implications on Syria", he added.
  • Taylor Swift drops hints about two new 'Lover' tracks

    Taylor Swift drops hints about two new 'Lover' tracks

    The September issue of Vogue hits newsstands in New York City and Los Angeles on August 13 and nationwide on August 20. Taylor Swift and Katy Perry made it clear their feud was over for good during the You Need To Calm Down music video .
    Actor Danny Trejo Rescued a Baby Trapped in Overturned Car

    Actor Danny Trejo Rescued a Baby Trapped in Overturned Car

    Together with another bystander he rescued the little boy, who was strapped into a seat in one of the vehicles. Three people were taken to hospital, with emergency services saying their injuries were not life-threatening.
    US government contractors to get first look at Huawei ban today

    US government contractors to get first look at Huawei ban today

    The Indian government has not yet taken a decision on whether it should allow Huawei to participate in the 5G technology trials. Huawei has been caught in the eye of a storm since May when America issued a trade ban on the Chinese technology company.
  • Chernobyl Atomik vodka makes spirit from radioactive grain

    Chernobyl Atomik vodka makes spirit from radioactive grain

    Since the nuclear reactor fire in 1986 that left the area badly irradiated with deadly levels of background radiation. As many as 335,000 people were forced to leave the area by the Soviet Union.
    US tells vessels to send Gulf transit plans in advance

    US tells vessels to send Gulf transit plans in advance

    The objective of this mission is to assure the security of merchant vessels in the Strait of Hormuz. The signals claim to be American or belonging to United States allies.
    Magnitude 6 quake  rocks Taiwan

    Magnitude 6 quake rocks Taiwan

    No deaths have been reported, however greater than 1,000 households had been left with out electrical energy in northern Taiwan . Taiwan's worst tremor in recent decades was a 7.6-magnitude quake in September 1999 that killed around 2 400 people.
  • Serena Williams again tops Forbes list of highest-paid sports women

    Serena Williams again tops Forbes list of highest-paid sports women

    Her endorsements earn her $25 million, and this number might soon go up when she launches her clothing line, S by Serena. Forbes pegged Osaka's earnings at $24.3 million, putting her second on a list dominated by tennis players.
    Moment Princess Charlotte sticks tongue out at Royal boat race

    Moment Princess Charlotte sticks tongue out at Royal boat race

    Kate looked lovely in her casual-cool outfit matching everyone else in a polo T-shirt, a pair of navy shorts and trainers. Spectators watched the race from a 800-seater grandstand, while footage was also played on screens across the town.
    Four Dead, Two Injured In Southern California Stabbing; Suspect Arrested

    Four Dead, Two Injured In Southern California Stabbing; Suspect Arrested

    He also allegedly robbed an insurance business, where an employee was stabbed several times, as well as a cheque-cashing business. The pendulum has swung so far that it is increasingly hard to keep our communities safe from the rise in violent crime.


Most liked

Atlantic hurricane forecast revised to 'above normal'
To be classified as a hurricane, a storm must carry winds of at least 74 miles per hour (mph) (119 kilometres per hour (km/h)). Two named storms - Andrea and Barry - formed so far during the 2019 Atlantic hurricane season.

Protesters throng Hong Kong airport as property lobby calls for calm
Consulate General in Hong Kong right now is nothing special", he wrote in a Facebook post. People attend a protest in the Western district of Hong Kong on August 4, 2019.

New Zealand cocaine haul believed drifted 2,100 km from Australia
Arriving on the scene, they inspected the packages, finding they tested positive for cocaine. Newman said the this was one of the largest seizures of the drugs ever in New Zealand.

Consumers can't wait for Apple Card to hit the market
The card service should be usable once added to the Wallet app, and the physical, all-titanium card should arrive in a few days. But despite this, a surprising number of people are already aware of Apple Card - and plan to bag one as soon as it debuts.

Google Maps expands augmented reality navigation tool
Google has a number of ways to organize travel reservation data that has been sent to your email address. To use Live View, you'll need to tap the "Start AR" button and hold up your phone like a viewfinder.

China exports rise despite ongoing trade row with US
The USDA report confirmed that export shipments of USA agricultural goods have continued despite the rising tensions. Retaliatory tariffs resulted in a 17-percent drop in USA exports for products that have been targeted, it added.

Orioles yield six more home runs in loss to Yankees
NY hit back-to-back home runs twice in that win as the Orioles just couldn't seem to keep the ball in the ballpark. Baltimore recalled Stewart from Triple-A Norfolk on Tuesday, but his apperance was brief during the game.

Billionaire: Epstein misappropriated ‘vast sums’ from wealth
In the letter , Wexner also noted that the amount was only a portion of the funds that Epstein had allegedly misappropriated. Epstein has been a registered sex offender in Florida since 2008 as part of a non-prosecution agreement he signed.

Samsung intros the Galaxy Watch Active 2 smartwatch
You can sync Spotify playlists offline, play YouTube videos on the watch display (but why would you do that?) and more. There'll likely be two versions of the Samsung Galaxy Note 10 , one a more "standard" version, the other a "plus".

Uber lost more than $5 billion in three months
Uber continued to spend heavily on sales and marketing, which includes costly promotions created to attract riders and drivers. Total revenue was up 14 percent year-over-year at $3.17 billion, well short of the consensus estimate of $3.36 billion.

Watch video of ULA's Atlas V rocket blasting off from Florida
The next AEHF satellite, AEHF-6, is now in full production in Silicon Valley and is expected to launch in 2020. The AEHF network is the follow-on to the Milstar system, improving on the capabilities of Milstar.

Andreescu upsets Bertens, advances to Rogers Cup quarterfinals
If Osaka reaches the Toronto quarters or semis then Pliskova would have to reach the final to stay in contention for top spot. Kontaveit will face Pliskova on Thursday. "Thanks girl.it was sooo fun. crowd was insane #kimkwho", Andreescu posted.

Realme CEO changes Twitter name, hints at new phone
Also, it's noticeable that the overall chassis looks rather boxy with sharp corners which isn't the case with most Realme phones. Xiaomi is expected to showcase its 64MP camera technology and not the actual smartphone that it will be launched later.

Everything you need to know about FIFA 20 VOLTA Football
I got a glimpse at the world map and the "locked" areas, and it looks like gamers will be playing soccer in every corner of Earth. In short, this is the return of streetball, built on the foundation of great gameplay and a free-flowing, fun experience.

Luiz, Tierney set for Arsenal medicals after fees are agreed
Tierney is now set to travel south to complete a deal before the transfer deadline tomorrow. These things tend to naturally take their course, so we'll have to wait and see.