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Huawei Trade Restrictions Just Lifted By Biden

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08/26/2021 11:46 AM
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Huawei Trade Restrictions Just Lifted By Biden
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U.S. officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said,” Reuters reported.

The reported approval follows a Trump-era crackdown on the telecommunications firm, which has extensive links to both the Chinese Communist Party. Labeled a “national security threat” by the Trump administration and a decades-long Chinese military collaborator by the U.S. Department of Defense, Huawei routinely provides the regime backdoor access to its products, networks, and devices.
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