President Donald Trump on Friday said the US isn't going to do business with Chinese tech giant trade tensions with China and may signal that the government will hold off on to .. The comment comes amid escalating
In May, the US Department of Commerce executive order from Trump that effectively banned Huawei from US communications networks. The Commerce Department did grant a , and Trump reportedly agreed to award licenses in a .over national security concerns, requiring American companies to get a license in order to conduct business with Huawei. This followed an
However, on Friday, Bloomberg reported that the White House will hold off on granting licenses for companies to deal with Huawei. Last week, Commerce Secretary Wilbur Ross said he'd received 50 requests and that decisions on them were still pending, according to Bloomberg.
"We're not going to do business with Huawei," Trump told reporters outside the White House on Friday. "That doesn't mean we won't agree to something if and when we make a trade deal, but we're not going to be doing business with Huawei."
On Wednesday, the Trump administration published rules for a as part of the National Defense Authorization Act, goes into effect next week. The government has another year to meet broader NDAA restrictions that ban federal agencies from working with contractors that use products and services from Huawei and the other banned companies.of telecommunications and video surveillance equipment and services from five Chinese companies, including Huawei and ZTE. The ban, mandated by Congress last year
Huawei has been a target of the US lawmakers over concerns about its coziness with the Chinese government and fears that its equipment could be used to spy on other countries and companies. Huawei has repeatedly said those fears are unfounded.
Huawei didn't respond to a request for comment.
Originally published Aug. 9, 9:44 a.m. PT.
Update, 12:02 p.m.: Adds more background on Huawei ban.