US says it may scale back some Huawei trade restrictions

Huawei Mate Book launch in question amid escalating US-China trade war

Ren said Huawei would continue to develop its own components to reduce its dependence on outside suppliers.

Trump later reversed the decision and in return, ZTE had to pay a $1 billion fine and accept monitoring by the US Commerce Department.

The U.S. ban on Huawei comes amid concerns over the company's links to the Chinese state.

Huawei was founded in 1988 by Ren Zhengfei, 74, who had served in the Chinese military before becoming a businessman.

In late 2017, a similar USA ban on another Chinese telecom firm, ZTE, almost forced the company out of business before the payment of huge fines saw the prohibition lifted. She says many industry insiders didn't think the Trump administration would actually go through with these restrictions due to their impact on US companies like Qualcomm and Intel that provide Huawei with critical components, such as computer chips, worth billions of dollars every year.

On Weibo, China's version of Twitter, users reacted to US pressure on Huawei by rejecting Apple products after US President Donald Trump signed an executive order Wednesday banning US telecom companies from installing foreign equipment that poses a national security threat and a separate order banning Huawei from buying US technology without government approval.

Huawei confirmed authenticity of the letter seen by Reuters and published by Chinese media on Friday.

"China has emphasized many times that the concept of national security should not be abused, and that it should not be used as a tool for trade protectionism", Gao Feng, spokesman at the Chinese commerce ministry, told reporters.

Elon Musk Email To Tesla Employees: "Curb Your Spending"
Friday's 4.9% slump in the shares (NASDAQ:TSLA ) pushed the decline this month to 14%. Then, earlier this year, Tesla announced a 7% reduction to its full-time workforce.

Stokes makes the difference as England go up 3-0
Test captain Joe Root (36) then edged left-arm spinner Imad Wasim to short third man where Hafeez held on at the second attempt. Jason Roy's 89-ball 114 took England past 200 for the loss of one wicket by 28th over.

Edwin Jackson To Pitch for Record 14th Team
Jackson ran up 19 strikeouts but also surrendered four home runs in his 14 2/3 minor-league frames to open the present campaign. He failed to hit a home run in 1980, followed by another homer-less campaign in 1981 in which he hit.187 over 86 games.

"Assuming the USA export ban on Huawei remains unresolved for the next 12-24 months, we highly doubt if China would stick to its timetable of building 5G aggressively", the USA brokerage wrote.

This suspension means Huawei will lose access to updating the Android operating system on its phones soon. The lasers Huawei uses to send light signals through the fiber-optic cables in Huawei's gear are sourced from US companies like NeoPhotonics, Lumentum, and Finisar.

"It is expected that Huawei's growth may slow, but only slightly", Ren said in his first official comments after the USA restrictions, adding that the company's annual revenue growth might undershoot 20%.

The source told Reuters that Google is still evaluating details of the suspension.

Huawei, the world's biggest telecoms equipment maker, said that losing access to USA suppliers "will do significant economic harm to the American companies" and affect "tens of thousands of American jobs".

"This is so much broader than Huawei and 5G". And even 40 percent of its Chinese suppliers use US technology for their production.

The White House ban also disrupts the global supply chain, because foreign companies can't sell products containing United States parts and components to Huawei either, according to Lawrence Ward, a partner at worldwide law firm Dorsey & Whitney.

Huawei will however seek immediate remedies to resolve the matter, and endeavor to mitigate the impacts of the US government's move. Mike Demler, a senior analyst with The Linley Group, points out that software from those two companies allow HiSilicon to test chip designs before testing on silicon.

Related:

  • Mbappe hints at PSG exit with talk of 'new project'

    Mbappe hints at PSG exit with talk of 'new project'

    He said: "I said what I had to say". 'If I speak more it will be too much and that is not the message I wish to send '. Interestingly, Mbappe's boss at PSG Thomas Tuchel appeared upset with the forward's speech during the awards night.
    Tornadoes hit rural central Nebraska

    Tornadoes hit rural central Nebraska

    Be prepared Sunday for bad weather around West Michigan , according to the National Weather Service and Fox 17 . Storms spread across the Great Lakes/Ohio Valley area and most of the Northeast on Sunday.
    Duchess of Cambridge shows off gardening skills for Chelsea Flower Show

    Duchess of Cambridge shows off gardening skills for Chelsea Flower Show

    A third sees George and Charlotte four, dipping their feet in water as William is seen in the background looking after Louis. The Duchess of Cambridge helped to design the garden, and Kensington Palace revealed a sneak peek at the garden yesterday.
  • John Wick takes over from Avengers:Endgame at BoxOffice

    John Wick takes over from Avengers:Endgame at BoxOffice

    The film failed to resonate with audiences , earning a disappointing B- CinemaScore, which doesn't bode well for future success. The young adult adaptation The Sun Is Also a Star fizzled in its debut, grossing only $2.6 million and landing in eighth place.
    US  cautions airlines flying over Middle East after tensions with Iran

    US cautions airlines flying over Middle East after tensions with Iran

    Congress would not give Trump the green light to a strike unless it was needed, as Congress saw it. Reports suggest Trump has become frustrated with advisors such as John Bolton and Mike Pompeo .
    Billionaire during commencement address: I'll pay off all your student debt

    Billionaire during commencement address: I'll pay off all your student debt

    Morehouse College's class of 2019 got a welcome surprise on Sunday when their commencement speaker, billionaire Robert F. Smith , said he would pay off their student debt . "Because we are enough to take care of our own community", Smith said.
  • Real Madrid vs. Real Betis - Football Match Report

    Real Madrid vs. Real Betis - Football Match Report

    Christian Eriksen was one of the players Spurs signed for the money they received from the sale of Gareth Bale six years ago. Paul Pogba must table a transfer request to be allowed to complete a switch to Real Madrid from Man United this summer.
    Royal day out: Prince Louis takes first steps on camera

    Royal day out: Prince Louis takes first steps on camera

    Kate has previously said she has "fond memories" of being outdoors as a child and is passing that passion on to her children. The wife of Prince William has been at the site nearly every day in the five days leading up to the opening of the event.
    Tesla updates battery software after third Model S burns while parked

    Tesla updates battery software after third Model S burns while parked

    But let's unpack, briefly, what might be going on with these Teslas-and why there isn't necessarily cause to worry just yet. Compared with regular, combustion-engine-powered vehicles, electric auto fires can't be put out with foam or chemicals.
  • Buttigieg slams Trump on Fox News, likens his tweets to ‘grotesque things'

    Buttigieg slams Trump on Fox News, likens his tweets to ‘grotesque things'

    Buttigieg also spoke openly about issues like abortion and the way people of color are treated in the United States today. Then there is a reason why anybody has to swallow hard and think twice before participating in this media ecosystem.
    George, Harden and Giannis named NBA MVP finalists

    George, Harden and Giannis named NBA MVP finalists

    The league announced the trio of finalists on Friday, with the victor to be announced at the NBA Awards on June 24. He corralled 6.6 rebounds and dished out 7.5 assists per game as well, carrying the Rockets for the entire season.
    Matthijs de Ligt

    Matthijs de Ligt "a good fit" for Liverpool or Barcelona

    They (Barcelona) think they have De Ligt, even though both Liverpool and PSG have also been talking to him . Balague spoke about De Ligt and Liverpool during last Thursday's BBC Football Daily podcast.

Comments

Latest news

Money In The Bank Winner Cashes In, Title Changes Hands
Kofi Kingston retained his WWE Championship against Kevin Owens at Money in the Bank . Ariya Daivari for the WWE Cruiserweight Championship .

Scarlett Johansson & Colin Jost Engaged!
The actor is marrying comedian Colin Jost , who is known for his role in How to Be Single and Saturday Night Live . She then tied the knot with Romain Dauriac in 2014 but they finalised their divorce in September 2017.

Customs and Border Protection downplays possibility of South Florida immigrant influx
That has contributed to overcapacity along the border, which gave rise to now-ended plans to ship migrants to South Florida. Ted Deutch slammed what he said was a "stunning amount of confusion" over the administration's immigration policy.

Someone left a water bottle in the 'Game of Thrones' finale
I just mean that in the sense that I was there and the crew, in particular, are like the hardest working people I've ever met". I watched the first 7 seasons in a binge to get caught up and come to find out all the foreshadowing is pointless".

Iceland to face punishment over Israeli Eurovision protest
Video footage posted later to social media shows a security guard demanding the Palestinian flags be handed over. EBU rules allow for disqualifying contestants who do not abide by requirements for a "non-political event".

Brooks Koepka shuts down girlfriend’s kiss attempts during PGA Championship
Both players flirted heavily with missing the cut but vital birdies late on Friday saw them book their tee times for the weekend. Damn near everybody at Bethpage Black was trying to get inside Brooks Koepka's head, and even his caddie couldn't do it.

'Game of Thrones': The fan theory that argues Jaime Lannister isn't dead
In response to this, Hibberd joked , "Made it into an #GamesOfThrones fan theory so i feel like I've finally arrived". Headey did share a amusing behind-the-scenes snap with Coster-Waldau, but it wasn't a tribute to his character.

Deontay Wilder: Tyson Fury & Anthony Joshua fights 'probably next year'
Breazeale started on the front foot and tried to back up Wilder but the champion responded by landing a crunching combination. From there it was curtains for Breazeale, who ate a brutal left glove before going down to Wilder's signature right.

Republican Rep. Justin Amash says President Trump 'has engaged in impeachable conduct'
Many Democrats including Elizabeth Warren have called for Mr Trump's impeachment. "Few members of Congress have read the report". On Sunday, Romney said he did not think there was sufficient evidence or political will to impeach President Trump .

Xiaomi Redmi 7A Appears on TENAA
On the rear of the device, a triple camera setup can be seen on the middle of the device with a red ring on one of the sensors. The Redmi Note 7S borrows the 6.3-inch IPS LCD panel with dot notch from the Redmi Note 7 and Note 7 Pro smartphones.

PM Narendra Modi, a silent film
Elaborating on the purported damage to institutions and the economy, Surjewala furnished data on 25 indices. "Our charge had been that the EC was sleeping on the job".

Google is tracking your purchases through Gmail
Even worse, another account that I use for most of my purchasing has thousands of orders, which would take forever to clean up. Check out the Purchases page (myaccount.google/purchases) and you'll be blown away after seeing all of this information.

IM Pei, Architect Behind the Louvre Pyramid, Dies At 102
This can be seen in the Suzhou Museum , which we wrote about past year as one of our favorite museum designs in China. April 1917 in the South China Guangzhou born and moved in with 17 in the United States to study architecture.

Tyson Fury and Dillian Whyte keen on all-British heavyweight bout
Sulaiman's comments regarding the Whyte-Fury fight stem from the current situation Whyte has with the governing body. The big fights ain't happening for him. "Joshua is in my rear-view mirror", Fury declared.

James Charles Praises PewDiePie for His Support in Online Tati Westbrook Row
It's painful to watch someone that you have cared for be dragged and to know that this started because of me", she said. Charles took to Twitter Sunday evening, tweeting, "Thank you @ jeffreestar & @ glamlifeguru for your sentiments.

Other news