The US is weighing cutting off Huawei from American suppliers over security concerns<p>The <a href="https://www.wsj.com/articles/biden-administration-considers-cutting-off-huawei-from-u-s-suppliers-11675129479" target="_blank" rel="nofollow">Wall Street Journal (gated)</a> with the report.</p><p>In brief, the Journal citing 'people familiar':</p><ul><li>The Biden administration is considering entirely cutting off Chinese telecommunications giant Huawei Technologies Co. from U.S. suppliers over national-security concerns</li><li> by tightening export controls targeting the firm</li></ul><p>The background to this is that Huawei was placed on the US Department of Commerce's "Entity List" during the previous administration. The list is of foreign companies said to be national security threats. Huawei was later supplied technology by US firms under licences issued by the Commerce Department. Supply was permitted as long as it wouldn't put national security at risk. </p><p>Says the Journal:</p><ul><li>The Biden administration is now considering no longer granting such licenses, although no decision has been made, the people familiar said. </li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: The US is weighing cutting off Huawei from American suppliers over security concerns (https://www.forexlive.com/news/the-us-is-weighing-cutting-off-huawei-from-american-suppliers-over-security-concerns-20230131/https://www.forexlive.com/news/the-us-is-weighing-cutting-off-huawei-from-american-suppliers-over-security-concerns-20230131/)
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