In the United States, President Trump has issued an executive order looking to force China's ByteDance to divest its U.S. operations in TikTok within 90 days, in another twist to his never-ending feud with China.
US President Trump signed into law on Thursday a bill that provides $1 billion to help small telecom providers replace equipment made by China’s Huawei and ZTE.
Microsoft has been granted a license from the U.S. government to export software to Huawei. The Donald Trump Administration on Wednesday gave Huawei its second 90 day reprieve this week, allowing some suppliers to restart sales to Huawei after it was placed on a trade blacklist over national security concerns six months ago.
An internal memo to Huawei staff sent by boss Ren Zhengfei warns that the company needs to go into "battle mode" to counter trade barriers put up by the United States. Ren said that although first-half results were healthy, some of this was due to sympathetic early payments by some Chinese firms.
US technology companies will be allowed to continue selling to Huawei under certain circumstances, after the US commerce secretary extended a second temporary 90-day reprieve. Wilbur Ross on Monday said the Trump administration would extend a temporary licence for companies to sell to the Chinese company if they are selling repairs or updates to existing systems.
A group of US senators are introducing a bill that would prevent President Trump from easing restrictions on Huawei.
Following talks with President Xi Jinping. President Trump said Saturday he will allow U.S. companies to sell products to Huawei, offering a concession to China.