After weeks of nothing but pure terror for us Tech Nerds, the United State Banned that restricts Huawei from carrying out business transactions with U.S companies is now finally over. Kind of.
As reported by Bloomberg, the U.S President, Donald Trump after a conversation with Xi Jinping (President of the People’s Republic of China) has now permits U.S companies to trade with Huawei once again.
At a News Conference following the Group of 20 summit in Osaka Japan, Trump said “U.S. companies can sell their equipment to Huawei. We’re talking about equipment where there’s no great national security problem with it.”
What the U.S President meant by “equipment where there’s no great national security problem with it” is still unclear but for now its safe to assume that Huawei will be able to acquire key components essential for the company’s productions. Hopefully.
This good News now emerge after 1 month when The Commerce Department decided to blacklist Huawei, Labeling them as threat to national security. Also, stating that China is Using Huawei to spy on U.S and other countries. Huawei went an extra mile in refusing the U.S accusations, By agreeing to sign documents which will hold them to absolute transparency.
“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,” says Donald Trump after the two Presidents meet, “I’ve agreed to allow them to continue to sell that product so that American companies will continue.” He added.
How quickly U.S companies are going to continue trading with Huawei is still unknown, and is Huawei no longer blacklisted? Well, many unanswered questions but answers are bond to popup here and there as things unfold. One thing we can say for sure is even though Huawei’s earning will take a major hit this year, their greatest loss will be their brand Name, as Huawei users will always have security risk looming in their head when using their devices and many new users will shy away from Huawei.