The US Department of Commerce is about to allow Huawei an additional 90 days of US purchases

According to Reuters sources, the US Department of Commerce plans to extend the time for Huawei Technologies so they can continue to buy supplies from US companies and serve existing customers.

The source said the ” temporary joint license ” will be extended for Huawei for another 90 days.

The US Department of Commerce once allowed Huawei to buy US goods in May, shortly after putting the company on a blacklist, to minimize disruptions to its customers, with many companies running. operating networks in rural America.

The extension of this period will renew an agreement that will expire on August 19, so that the Chinese company can continue to maintain its existing telecommunications networks and provide software updates. for Huawei handhelds.

Licenses for Huawei seem to be becoming an important bargaining chip for the US in trade negotiations with China. It is constantly changing and so, according to Reuters, the decision to continue to renew Huawei may change before the next Monday’s deadline.

US President and Chinese President Xi Jinping is expected to have a conversation about Huawei later this week.

Refer to Reuters