AVN 55.47 Decreased By ▼ -1.55 (-2.72%)
BOP 10.21 Increased By ▲ 0.08 (0.79%)
CHCC 129.20 Increased By ▲ 0.37 (0.29%)
DCL 9.10 Decreased By ▼ -0.22 (-2.36%)
DGKC 104.75 Decreased By ▼ -2.84 (-2.64%)
EFERT 67.05 Decreased By ▼ -0.45 (-0.67%)
EPCL 31.75 Decreased By ▼ -0.85 (-2.61%)
FCCL 21.15 Increased By ▲ 0.04 (0.19%)
FFL 13.15 Increased By ▲ 1.18 (9.86%)
HASCOL 13.64 Increased By ▲ 0.06 (0.44%)
HBL 129.74 Increased By ▲ 5.08 (4.08%)
HUBC 82.60 Increased By ▲ 1.20 (1.47%)
HUMNL 9.51 Decreased By ▼ -0.09 (-0.94%)
JSCL 15.68 Decreased By ▼ -0.17 (-1.07%)
KAPCO 24.35 Decreased By ▼ -0.40 (-1.62%)
KEL 3.60 Decreased By ▼ -0.11 (-2.96%)
LOTCHEM 12.96 Decreased By ▼ -0.24 (-1.82%)
MLCF 33.00 Decreased By ▼ -0.65 (-1.93%)
OGDC 113.55 Decreased By ▼ -0.95 (-0.83%)
PAEL 33.35 Increased By ▲ 0.60 (1.83%)
PIBTL 11.10 Decreased By ▼ -0.24 (-2.12%)
PIOC 80.06 Increased By ▲ 3.96 (5.2%)
POWER 8.74 Increased By ▲ 0.62 (7.64%)
PPL 99.30 Increased By ▲ 0.27 (0.27%)
PSO 183.52 Decreased By ▼ -0.48 (-0.26%)
SNGP 55.85 Decreased By ▼ -0.51 (-0.9%)
STPL 11.55 Increased By ▲ 0.34 (3.03%)
TRG 48.35 Decreased By ▼ -1.41 (-2.83%)
UNITY 12.57 Increased By ▲ 0.01 (0.08%)
WTL 0.97 Decreased By ▼ -0.04 (-3.96%)
BR100 4,097 Decreased By ▼ -40 (-0.95%)
BR30 20,920 Decreased By ▼ -239 (-1.13%)
KSE100 39,578 Decreased By ▼ -294 (-0.74%)
KSE30 17,158 Decreased By ▼ -163 (-0.94%)
COVID-19 TOTAL DAILY
CASES 280,461 432
DEATHS 5,999 15
Sindh 121,705 Cases
Punjab 93,336 Cases
Balochistan 11,777 Cases
Islamabad 15,095 Cases
KP 34,253 Cases
Business

US will deal with Huawei waiver applications within weeks

WASHINGTON: The Trump administration plans to handle applications from tech companies seeking waivers over Huawei Te

23 Jul 2019

WASHINGTON: The Trump administration plans to handle applications from tech companies seeking waivers over Huawei Technologies Co Ltd's blacklisting within the next few weeks, US Commerce Secretary Wilbur Ross told Bloomberg Television on Tuesday.

"We will deal with them very promptly," Ross said in an interview. "There are 50-some-odd applications from 35 companies that have been received, and within the next couple of weeks we expect to have verdicts."

Pressed on whether they would be completed in two weeks, Ross said: "I said within the next few weeks, few."

Ross's comments came a day after President Donald Trump told the heads of top technology companies at the White House meeting that the administration would make "timely" decisions on requests by US companies to sell products to Huawei.

American companies were banned from selling most US parts and components to Huawei without special licenses because of national security concerns. But Trump said last month that sales could resume as he sought to restart trade talks with Beijing.

Ross said the technology company officials who gathered at the White House understood the process the administration was following and voiced no complaint about it. He said granting the waivers was an interagency process, involving the departments of Commerce, State, Defense and Energy.

"This is not a simple thing, but in general the principle we will be following ... is things that are not sensitive from a national security point of view, we're going to be looking pretty favorably upon," Ross said. "Those that are sensitive are in a different category and we have to be very, very careful about them."

Asked about the possibility of additional sanctions following a Washington Post report that the Chinese company had helped North Korea build its wireless network, Ross said the administration was monitoring Huawei's activities.

"We are continuing to watch very carefully everything about Huawei, including the information revealed in that article yesterday. But beyond that, we can't really comment on a pending investigation," he said.

Copyright Reuters, 2019