U.S. Reviews Existing Huawei Export Licenses as Crackdown Deepens

(Bloomberg) — The U.S. is reviewing existing licenses for exporting items to Huawei Technologies Co. Ltd. as Washington intensifies a crackdown on Chinese companies amid growing tensions between the world’s two largest economies.
“The licensing rule from the previous administration, that still stands for Huawei — allows things below 5G, below cloud level, to go — and I will say that all those things are under assessment,” Alan Estevez, the undersecretary of commerce overseeing the Bureau of Industry and Security, said during a House Foreign Affairs committee hearing on Tuesday.

- PODCAST
- MOST POPULAR