US MOVES TOWARD BLOCKING MORE SALES TO HUAWEI: REUTERS
The U.S. government is nearing publication of a rule that would vastly expand its powers to block shipments of foreign-made goods to China’s Huawei, as it seeks to squeeze the blacklisted telecoms company, two sources said, according to Reuters.
The U.S. Commerce Department in May placed Huawei Technologies Co Ltd [HWT.UL] on a trade blacklist, citing national security concerns. That allowed the U.S. government to restrict sales of U.S.-made goods to the company and a small number of items made abroad that contain U.S. technology.
But U.S. businesses say an effort to enable the government to regulate more sales to Huawei to include low-tech items made overseas with very little U.S. technology could end up needlessly hurting U.S. companies while encouraging Huawei to source more goods abroad.