Washington will renew the license for "Huawei" 90 days

 The US Department of Commerce is expected to renew the license granted to Chinese telecommunications company Huawei for 90 days to buy components from US companies, sources familiar with the matter said on Friday.

Late on Friday, the Commerce Department declined to comment on comments by Commerce Minister Wilbur Ross on CNBC that "the current licenses are valid until Monday."

Asked if the license would be extended, Ross replied: "On Monday I will be happy to update you."

According to Reuters, the "provisional public license" will be extended for 90 days from August 19, giving the Chinese company the ability to maintain existing communication networks and provide software update for "Huawei" phones.

The US license has become a major bargaining chip for the United States in its trade negotiations with China, making the current situation between Washington and Beijing less flexible, but the temporary Huawei licensing decision before Monday could change the situation, the sources said.

In May, the US Commerce Department blacklisted Huawei and banned it from buying components and technologies from US manufacturers.

US President Donald Trump and Chinese President Xi Jinping are expected to discuss Huawei in a phone call this weekend.


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