U.S. may scale back Huawei trade restrictions to help existing customers

World News: . []

U.S. may scale back Huawei trade restrictions to help existing customers(Corrects title in 17th paragraph of this May 17 story to say 'Chief Financial Officer' Meng Wanzhou, not 'Chief Executive Officer'.) By Karen Freifeld (Reuters) - The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week's blacklisting would have made it nearly impossible for the Chinese company to service its existing customers. The Commerce Department, which had effectively halted Huawei's ability to buy American-made parts and components, is considering issuing a temporary general license to 'prevent the interruption of existing network operations and equipment,' a spokeswoman said. Potential beneficiaries of the license could, for example, include internet access and mobile phone service providers in thinly populated places such as Wyoming and eastern Oregon that purchased network equipment from Huawei in recent years.

Read More: https://news.yahoo.com/exclusive-u-may-scale-back-huawei-trade-restrictions-012618844--sector.html

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