Huawei expected to be granted limited extension by US

The Commerce Department is expected to grant a six-month extension to permit rural telecommunications firms to do some transactions with blacklisted Chinese equipment-maker Huawei, said two people familiar with the decision, Politico reports.

New York Times reports that the fate of Huawei has hung in the balance for many months, as the Trump administration has deliberated over how to treat a company many American officials consider a national security risk, but the Chinese government views as central to its technology ambitions. While the company’s future is not technically a part of trade talks between the two countries, President Trump has brought Huawei up as a potential bargaining chip in a long-running trade war.

Via NYT / POLITICO