Licenses for US companies to sell to Huawei expected 'shortly'


US Commerce Secretary Wilbur Ross on Sunday reportedly said licences that permit US companies to sell components to Huawei could be "forthcoming very shortly".

In an interview with Bloomberg, Ross said a US-Huawei deal was on track to be signed this month, noting that the government has received 260 requests for the licences.

President Trump must decide whether to impose tariffs of five to fifteen percent by November 17th, . but Ross says it may be unnecessary in light of the negotiations.

While Washington only sent lower-level delegations to Southeast Asian summits this year without President Donald Trump nor Vice President Mike Pence, raising concerns that it could no longer be relied on as a counterweight to China's increasing regional might, Ross gave a reassuring message. He called the agreement "particularly complicated" and said the U.S. was "making sure that each side has a very correct and clear, detailed understanding of what each side has agreed to". The headline from the interview was the usual positive talk about the Phase One trade deal with China but the real story might be buried.

"But whether or not it will slip a little bit, who appreciates".

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Chinese smartphone manufacturer Huawei was placed on the U.S. Commerce Department's Entity List on May 16th for security reasons.

Ross said the licenses "will be forthcoming very shortly" and that the USA government had received 206 requests. Trump said in June after meeting with Xi in Japan that he'd "easily" agreed to allow American firms to continue certain exports to Huawei, and weeks later Trump said he'd accelerate the approval process for licences. Remember too with entity lists there's a presumption of denial.

These short-term licences expire at the conclude of this thirty day period.

During a speech about United States commitment in Asia, Ross said that he would be remiss if he did not address the GSP issue given its publicity in Thailand.

Describing that dispute with Beijing as the "elephant in the room", Freeman said the two sides need to reach not just a "thaw, but a comprehensive agreement".