Trump suggests Commerce Department won’t extend Huawei reprieve

Report: US expected to give Huawei another 90-day export license

Trump did not say on Sunday whether his administration would extend the "temporary general license".

Not too long after the United States government's initial ban on Huawei, the former is allowing the company to buy products from American suppliers once again.

The department blacklisted Huawei and it affiliates in May, 2019 after the Chinese tech giant was accused by Washington of spying for the Chinese military and intelligence services.

The current extension agreement, granted by the Trump administration in May after it blacklisted the company, set to expire on August 19.

A couple of months ago, in June, after successful talks with Chinese President Xi Jinping at G20 Summit in Japan, the US President Donald Trump allowed the American firms to keep doing business with Huawei. Larry Kudlow, the White House national Economic Council director, said that there will be up to 10 more days of discussions with China.

"It was reported today, I was surprised, that we are open to doing business [with Huawei], we actually open to not doing business with them, so I don't know who gave the report", Trump said.

USA stock futures rose upon opening on Sunday after Trump's comments. While this definitely a political thing as the initial ban was used by the United States as a leverage during it's trade dispute with China.

The US government blacklisted Huawei, alleging that the Chinese company is involved in activities contrary to national security or foreign policy interests.

The world's largest telecommunications equipment maker is still prohibited from buying American parts and components to manufacture new products without additional license approvals. Out of $70 billion that Huawei spent for components in 2018, around $11 billion went to U.S. companies like Qualcomm, Intel, and Micron, mostly for memory chips for its smartphones and 5G antennas.

The Commerce Department late on Friday declined to comment, referring to Mr Ross' comments to CNBC television earlier last week in which he said the existing licences were in effect until tomorrow.

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