It was the best of moments for Huawei yesterday when U.S. President Donald Trump announced that U.S. companies are permitted once again to sell goods to the embattled Chinese tech firm following more than a month of uncertainty.
While it was believed the announcement finally brought the needed relief to the firm, indication has emerged that it is not yet Uhuru for the Chinese firm. National Economic Council chairman Larry Kudlow in a statement on “Fox Sunday” Trump announcement does not entirely lift the ban on Huawei. He said the announcement from earlier Saturday morning only apply to products widely available around the world, and not applicable to the most sensitive equipment.
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“All that is going to happen is Commerce will grant some additional licenses where there is a general availability” of the parts the company needs, National Economic Council chairman Larry Kudlow said on “Fox News Sunday.”
U.S. microchip firms in particular “are selling products that are widely available from other countries … This not a general amnesty … The national security concerns will remain paramount,” Larry Kudlow added.
President Trump had earlier on Saturday on the sideline of the G20 summit announced the suspension of the ban on Huawei as part of concession between President Donald Trump and Chinese President Xi Jinping to reopen stalled trade negotiations between the two countries.
The move has since attracted criticism from U.S. Senators, with Republican Senator Lindsay Graham saying on Sunday that there will be a lot of pushback if Huawei is given too many concession.”