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Report: White House OKs Licenses for Some Firms to Do Business With Huawei

1 min read

Jeff Brody

The White House has approved special licenses giving some U.S. firms the go-ahead to engage in business with Chinese telecommunications company Huawei Technologies, The Wall Street Journal reported Thursday.

The move comes as senior U.S. and Chinese officials resume trade talks in hopes of reaching an interim deal to prevent the implementation of higher tariffs on imported products from China. A tariff increase on Chinese products is set to take effect on Oct. 15.

A source said such a deal could include the Huawei licenses, purchases of U.S. agricultural products by China and other concessions.

The Trump administration signed in May an executive order imposing a ban on the purchase of telecommunications equipment from foreign firms like Huawei due to national security risks, according to the report.