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US Extends Purchase Rights for China's Huawei

Ken Bredemeier

   WASHINGTON - The U.S. on Monday gave Chinese telecommunications giant
   Huawei another 90 days to buy supplies it needs from U.S. companies to
   build its electronic products, for the moment brushing aside concerns
   that Huawei was a U.S. national security risk.

   Commerce Secretary Wilbur Ross told the Fox Business Network that the
   reprieve for Huawei would help U.S. customers, many of whom operate
   networks in rural America. Huawei spent $70 billion on component
   purchases in 2018, $11 billion of it from U.S. companies.

   "We're giving them a little more time to wean themselves off" sales to
   Huawei, Ross said.

   At the same time as granting the delay in ending sales to Huawei, the
   world's largest telecommunications equipment maker, Ross added 46
   Huawei affiliates to the Entity List, an economic blacklist covering
   restrictions on U.S. transactions with the Huawei-related ventures.
   

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