U.S. Reviewing Requests To Export To Huawei With ‘Highest Scrutiny’ -Commerce Dept

www.oann.com | 6/28/2019 | Staff
hi09 (Posted by) Level 3
WASHINGTON (Reuters) – The U.S. government said on Wednesday it was reviewing license requests from U.S. companies seeking to export products to China’s Huawei Technologies Co Ltd “under the highest national security scrutiny,” since the company is still blacklisted.

In an email to Reuters, the Commerce Department said that as it reviewed applications, it was applying the “presumption of denial” standard associated with Entity Listed companies, meaning applications are unlikely to be approved.

President - Donald - Trump - Markets - Saturday

President Donald Trump surprised markets on Saturday with an announcement that U.S. companies would be allowed to sell products to Huawei [HWT.UL], which was placed on the so-called Entity List in May over national security concerns.

U.S. chipmakers, which had been seeking a carve-out for exports of less sensitive technology to the world’s top telecoms technology maker, welcomed the news.

Days - Trump - Announcement - Sidelines - G20

But four days after Trump’s announcement on the sidelines of the G20 in Japan, uncertainty over how the Huawei ban will be eased has fueled a scramble among industry and government officials alike to grasp what the new policy will be.

In an email to enforcement staff on Monday, seen by Reuters, John Sonderman, Deputy Director of the Office of...
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