Compan­ies are seekin­g to export produc­ts to Huawei­WASHINGTON: The US government said on Wednesday it was reviewing license requests from US companies seeking to export products to China’s Huawei “under the highest national security scrutiny” since the company is still blacklisted. In an email to Reuters, the Commerce Department said that as it reviewed applications, it was applying the “presumption of denial” standard associated with Entity Listed companies, meaning applications are unlikely to be approved. President Donald Trump surprised markets on Saturday with an announcement that US companies would be allowed to sell products to Huawei, which was placed on the so-called Entity List in May over national security concerns. All such applications should be considered on merit, he wrote, citing regulations that include the “presumption of denial” licensing policy. The Commerce Department spokesman said on Wednesday that the department intends to notify companies of decisions on export license applications once the review is complete.

Source: The Express Tribune July 04, 2019 10:18 UTC