Latest Global Business News

US delays Huawei ban for 90 days

 
The United States has decided to allow Huawei to purchase U.S. made products for 90 days... after blacklisting the Chinese firm last week.
 
Our Kim Da-mi has more.
On Monday the U.S. government eased some of the restrictions it imposed last week on China's Huawei,... suggesting changes to Huawei's supply chain may have immediate, far-reaching consequences.
 
The U.S. Commerce Department will allow the Chinese company to buy American-made products for 90 days... in order to maintain existing networks and provide software updates to existing Huawei handsets.
 
Huawei, however, is still banned from purchasing American parts and components for manufacturing new products without licence approvals.
 
The delay suggests that the U.S. intends to limit the impact on firms that rely on Huawei and to prevent possible network blackouts.
 
Meanwhile, Chinese customers are turning their back on iPhones,... and showing their disdain for Apple products on social media.
 
One of those customers was senior media figure Hu Xijin, the editor of China's Global Times newspaper, who tweeted on Monday that he had switched to a Huawei phone, ditching the iPhone he had been using for nine years.
Considering his status, there's rising concern China may be in the course of promoting Apple boycotts as retaliation against the Trump Administration's blacklisting of Huawei.
 
This all comes after the U.S. added Huawei and 68 other affiliates to an export blacklist last Thursday,... prohibiting them from purchasing goods made in the U.S.
 
us delays huawei ban for 90days
 
Top IT companies including Google have cut ties with Huawei as well.
 
The Chinese tech firm is yet to comment on the U.S. delay announced on Monday, but has pledged to keep contributing to the development and growth of Android around the world.
 
China's foreign affairs ministry also said it is committed to supporting Chinese enterprises by defending their legitimate rights through legal means.

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