Huawei gets 90-day Extension to do Business with US Companies

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  • Earlier Huawei had got a 90 days extension in August 2019
  • The US had blacklisted Huawei as it felt Huawei was engaged in activities contrary to US national security or foreign policy interests

The Trump administration has given a new 90-day extension to Huawei to do business with US companies. It is to be noted here that this is the second time the company got an extension.

Earlier Huawei had got a 90 days extension in August 2019. The US had blacklisted Huawei as it felt Huawei was engaged in activities contrary to US national security or foreign policy interests.

Statement regarding the restrictions

Ken Hu, deputy chairman, Huawei stated that the restrictions, based on ungrounded allegations, have been imposed on Huawei in order to disrupt our business operations. They believe this behavior is totally unjustified.

He added that it goes against the values of the international business community, cuts off the global supply chain and disrupts fair competition in the market. This could happen to any other industry and company in the future if we don’t jointly confront these issues.

Hu continued, “This sets a dangerous precedent. It goes against the values of the international business community, cuts off the global supply chain and disrupts fair competition in the market. This could happen to any other industry and company in the future if we don’t jointly confront these issues.”

Recently, US Commerce Secretary Wilbur Ross warned India over using Huawei’s 5G equipment. According to Ross, the U.S. hopes that India “does not inadvertently subject itself to untoward security risk” by using 5G equipment from the Chinese tech giant.

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