The U.S. Commerce Department has withdrawn a rule aimed at further reducing sale...
WASHINGTON - The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China’s Huawei Technologies amid concerns from the Defense Department the move would harm U.S. businesses, people familiar with the matter said.
President Donald Trump’s administration plans a Cabinet-level meeting next week to discuss the rule, which could be revived, killed or rewritten, one of the sources said, amid pushback from the U.S. Treasury Department as well. Under current regulations, key foreign supply chains remain beyond the reach of U.S. authorities, fueling frustration among China hawks within the administration and a push to expand U.S. authority to block more shipments to Huawei.
Commerce drafted a rule that would lower the threshold only on exports to Huawei to 10% and expand the purview to include non-technical goods like consumer electronics including non-sensitive chips. But many in Congress and the Trump administration have criticized the Commerce Department for not doing more to thwart Huawei, and for its slow rollout of rules to limit exports of sophisticated technology to China.
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