President Trump Does Not Want To Continue Business With Huawei - TNBC USA

On Sunday, the United States President Donald Trump has said that he didn’t want to do business with Huawei even as the administration considers whether to extend a grace time for the Chinese tech giant. 

Sources reported that the United States Commerce Department is likely to extend a grace offered to Huawei Technologies Co Ltd, which will allow the firm to buy supplied from US-based companies so that it can provide service to its existing customers. 

It continued that the ‘temporary general license” will be extended for 90 days, referred two sources familiar with the situation.

The US President told reporters before boarding Air Force One in New Jersey that he didn’t want to do business with Huawei due to national security reasons. “At this moment it looks much more like we’re not going to do business,” President Trump said, “I don’t want to do business at all because it is a national security threat and I really believe that the media has covered it a little bit differently than that.”

He further said that there were small parts of business that could be spared from a wider ban, but it would be “very complicated” adding that “he did not say whether his administration would extend the “temporary general license.”

The National Economic Council Director Larry Kudlow earlier said the United States Commerce Department would extend the Huawei licensing process for 3 months as a gesture of “good faith” amid wider trade negotiations with China.

Director Kudlow continued, “We’re giving a break to our own companies for three months,” and asked to “Meet the Press.”

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