The Trump administration on Thursday officially added China's Huawei Techno...
WASHINGTON/NEW YORK - The Trump administration on Thursday officially added China’s Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies.
Obtaining such approval will not be easy. The U.S. government will review license applications under a “policy of presumption of denial,” according to a posting on the Federal Register. The action comes as the world’s two largest economies ratchet up tariffs in a battle over what U.S. officials call China’s unfair trade practices.
As an example, the order cites a criminal case pending against the company in federal court in Brooklyn, New York, over allegations Huawei violated U.S. sanctions against Iran. Huawei has pleaded not guilty in the case.Members of Congress and administration officials said the move would make it difficult for Huawei to sell many products because of its dependence on U.S. suppliers.Washington lawyer Douglas Jacobson, a trade expert, said there would be collateral impact on the U.S.
Given the order, the likelihood that Commerce will grant licenses to allow sales is negligible, Jacobson said.Still, history shows the government could offer reprieves. In 2016, Huawei’s smaller rival ZTE Corp was added to the entity list over allegations it organized an elaborate scheme to hide its re-export of U.S. items to sanctioned countries.
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