While Huawei is not off the blacklist, the announcement by the U.S. President is highly significant.
Earlier today in a press conference after the G20 meeting in Tokyo, President Trump revealed an updated stance on Huawei. While it’s not a lifting of the blanket ban, it will significantly benefit the Chinese manufacturer.
In other words, the question of lifting the ban on Huawei selling its products, which include smartphones, laptops and communications infrastructure technologies, to the U.S. has not been changed.One of the things I will allow, however, is, a lot of people are surprised we send and we sell to Huawei a tremendous amount of product that goes into the various things that they make. And I said that that’s okay, that we will keep selling that product.
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