Huawei NOW Allowed to Buy from United States!

The ban on Huawei from buying products from US suppliers was a hot news from many days. The whole saga started with the political tensions between US and China, about a month ago.

However according to recent developments, President of America Donald Trump said in G20 summit,

“U.S. companies can sell their equipment to Huawei. We’re talking about equipment where there’s no great national security problem with it. I said that’s O.K., that we will keep selling that product, these are American companies that make these products. That’s very complex, by the way. I’ve agreed to allow them to continue to sell that product so that American companies will continue.”

President of China Xi Jinping and Donald J Trump have come to an agreement to end the trade battle between two countries. According to negotiations, Trump administration is going to grant some relief, means the trade relations are not going to be hundred percent friendly.

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Without any doubt, this statement is a big sigh of relief for all the stake holders. Many US based tech giants, like Google, Qualcomm and many others had to stop trade with Huawei right after first announcement. A temporary general license  is granted to the Chinese company for having trade with US companies. It was expected that Huawei sales would drop by 40-60% because of US-China tech tensions. However now there are bright chances of good sales.

 

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