U.S. still eyeing ways to curb sales to Huawei after Trump's chipmaker comments: sources

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG1N24J_L.jpg

By Karen Freifeld

(Reuters) – U.S. government officials are still considering ways to further curb sales to China’s Huawei Technologies [HWT.UL], despite President Donald Trump’s tweets and comments last week in support of sales to China, according to people familiar with the matter.

An interagency meeting was held on Thursday to discuss national security and China export issues, including proposals to restrict sales of chips to Huawei and a plan to block the sale of jet engines for China’s new passenger airplane.

But, while blocking General Electric Co (N:) from supplying the jet engines appeared to be off the table after Trump opposed efforts to stop their sale, sources now tell Reuters new restrictions aimed at limiting Huawei’s presence in the global telecommunications market were still in discussion.

The President told reporters last week that U.S. chipmakers should be able to sell to other countries, but he was not clear on how to handle Huawei, the world’s second-largest smartphone maker.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.