Trump Extends Huawei Ban As Tech Giant Founder Notes It Will Cost US Chip Makers BILLIONS

The Trump Administration is giving a new limited extension to companies in the United States that work with Huawei—but it doesn’t look like Washington’s war on the Chinese tech giant is coming to an end anytime soon.
The announcement was made just as a previous extension was set to expire. Although the Trump Administration placed Huawei on a blacklist back in May that banned US firms from working with the tech giant without government approval, it has delayed the ban on some products and services.
But the Secretary of Commerce said the new extension is mainly for the purpose of giving smaller US companies that rely heavily on Huawei more time to transition to working with other products. And he claimed the US is still very concerned about what they believe are national security risks that come from working with Huawei.
The Commerce Department also announced that it will be black-listing an additional 46 Huawei affiliates, over claims that they “engaged in activities that are contrary to U.S. national security and foreign policy interests.”
Huawei has since fired back, with a statement that says, “It’s clear that this decision, made at this particular time, is politically motivated and has nothing to do with national security. These actions violate the basic principles of free market competition. They are in no one’s interests, including US companies.”
The founder of Huawei also argued that a ban from the US won’t have nearly as much of an impact on the tech giant as it will on the American companies that sell chips and other products to Huawei.
Whether the ‘entity list’ will be extended or not, it will not substantially affect Huawei’s business. If you look at 5G or core networks or other such products, we can manufacture our products well without any reliance on American companies,” Ren Zhengfei said.
Reports claim that Huawei spent around $11 billion dollars purchasing components from US chipmakers Intel, Qualcomm and Micron Technology in 2018. And the shares from all three companies increased on Monday, following the news of an extension on US business with Huawei.
Meanwhile, Secretary of State Mike Pompeo has denied all accusations that the Trump Administration is sending “mixed messages,” and he said he believes the ongoing ban on Huawei should not prevent a trade deal with China
The threat of having Chinese telecoms systems inside of American networks or inside of networks around the world presents an enormous risk,” Pompeo said.
, both US and Chinese officials have expressed interest in using Huawei as a bargaining chip to reach a possible trade deal, but there was concerns that the ongoing claims from Washington that Huawei is a threat to national security could have a powerful impact on the outcome. 
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Rachel Blevins is a journalist who aspires to break the left/right paradigm in media and politics by pursuing truth and questioning existing narratives.

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