Make Kitco Your Homepage

U.S. begins issuing some licenses for companies to supply goods to Huawei

Kitco News

(Reuters) - The U.S. Commerce Department confirmed Wednesday it has begun issuing licenses for some U.S companies to supply non-sensitive goods to China’s Huawei Technologies Co Ltd [HWT.UL].

In May, the Trump administration put Huawei on an economic blacklist, citing national security concerns, but on Monday agreed to again extend a temporary general license to assist some U.S. rural network operators.

U.S. Commerce Secretary Wilbur Ross told Fox Business Network late Tuesday that the department has “had 290-something requests for specific licenses. We now have been starting to send out the 20-day intent to deny letters and some approvals.”

Reporting by David Shepardson and Alexandra Alper

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.