The Latest Development in Huawei Ban comes as Relief for Huawei as On Going G20 Summit wherein US President Donald Trump announced that “U.S. companies can sell their equipment to Huawei.”As this is good news for Huawei which had been victim of Trade war.
“U.S. companies can sell their equipment to Huawei. We’re talking about equipment where there’s no great national security problem with it. I said that’s O.K., that we will keep selling that product, these are American companies that make these products. That’s very complex, by the way. I’ve agreed to allow them to continue to sell that product so that American companies will continue.”
Mr.DonaldTrump,President,USA
Mr. Trump says he will grant Huawei some relief by allowing US-based companies to resume sales. The US administration is now expected to hold meetings on how to deal with Huawei and its presence on the “entity list,” as the relief does not explicitly remove Huawei from the said list. The announcement made during the summit does not go into any particular details with the scope of relief, so further details are awaited on this end.
Because of the uncertainty around Huawei and its smartphones, the company was expecting its international smartphone sales to drop by as much as 40-60%. Devices like the Honor 20 Pro were one of the first victims of the trade ban, as the availability of the phone was no longer certain. Now, with this relief in hand, we expect companies to resume their business operations with Huawei and Honor.
Tech with Gourav 