The U.S. Eases The Trade Restrictions On Huawei, Report

A few weeks ago, the US Department of Commerce published the US entity list that consists of major industries and individual business tycoons of the countries like Russia, China, Iran, and the UK. Last Wednesday, the US Department of Commerce suggested to induct Huawei in that list meanwhile US Department of Commerce Secretary, Wilbur Ross, stated the reason behind this sudden restriction that “Huawei is engaged in activities which are contrary to US national security or foreign policy interest”. However, Huawei denies any such allegations of collaboration with the government to demolish US foreign policy.

Following these insecurities, the US government approved the suggestion and imposed the restrictions last week. From the very first day after the decision was made, Huawei faced a major downturn in their exports resulting devaluation of their presence in the global market as the US has also urged other states and countries to withdraw from any kind of trade which requires Huawei services. Furthermore, the US government is in a quest to exclude Huawei Technologies from the 5G network, operating in different countries. However, recently the US Department of Commerce eased the restrictions for 90 Days allowing all the tech companies of the US to continue engaging and working with Huawei. The U.S. Commerce Department will now allow Huawei to purchase any kind of American-made goods in order to sustain the currently working networks and provide software updates to existing Huawei handsets. Despite this 90-day grant, Huawei would remain in trouble as the restriction won’t let them access critical products of the companies like Intel and Qualcomm. More to the agony, Google is gearing up to suspend Huawei’s license for the Google products causing a serious threat to the users as well as to Huawei itself.

In order to put an end to these crises, Huawei is looking forward to launching its own app store which won’t require Google license anymore to access the Google products. Apart from the app store, its own OS is also under development to establish its products on its own OS.