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Ross: Huawei licenses coming "pretty soon"



Secretary of Commerce Wilbur Ross Wilbur Louis RossNational security adviser, trade secretary to represent Trump at Asian Summit National Archives launches investigation into Wilbur Ross's private email use Pompeo expected to visit Kansas on Thursday MORE said in a new interview that US company licenses to sell products to Chinese technology giant Huawei are coming "pretty soon."

Ross told Bloomberg that licenses for some of the 260 companies that have applied to do business with Chinese blacklisted companies "will come soon" The US and China are taking steps to conclude a "Phase 1

" trade agreement.

"There are many uses – it's honestly more than we thought," Ross said. "Remember, too, with unit lists, there is a presumption of rejection. obviously will approve quite a few of them. "

The Trump administration stopped US companies from selling software and components to Huawei in March for reasons of national security, adding 28 companies, including artificial intelligence, to the blacklist last month

US companies now require a license to continue doing business with some of these companies.

President Trump Donald John TrumpJudge blocks White House health care requirements for new immigrants: reports Trump gets flooded boos upon entry into MSG before UFC 244 Trump: & # 39; I would love & # 39; to host Ukraine's President at White House MORE announced in June that he would allow US seals creates sales of specific products to Huawei, and said shortly after he wanted to speed up the licensing process.

No licenses have been approved so far, Bloomberg noted, adding that sources said the president approved the licensing this month.

A Huawei vice president on Sunday also rejected questions about cyber security around the company.

"There is no cybersecurity issue for us, and there is no evidence from the United States to say so," Edward Zhou said, according to Bloomberg.

Ross also told Bloomberg that a "Phase One" trade agreement would be agreed between the United States and China this month.

"We are in good shape, we are making good progress, and there is no natural reason why it could not be," Ross told Bloomberg. who knows. It's always possible. "

The first phase of the deal would require China to buy more agricultural products, stabilize its currency and open financial services markets for US firms. In exchange, China would like to cancel import taxes on products such as smartphones scheduled to start in mid-December, according to Bloomberg.


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