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Trump follows through with his Huawei reprieve

Commerce Secretary Wilbur Ross confirmed yesterday that the Trump administration will issue licenses for American companies that want to do business with Huawei “where there is no threat to national security,” Jim Tankersley and Ana Swanson of the NYT report.

• Larry Kudlow, the director of the National Economic Council, said that the U.S. had “relaxed a bit” the licensing requirements from the Commerce Department for companies that sell to Huawei.

• Another top official suggested the move would allow chip makers to continue selling certain technology to Huawei.

That could be good news for some U.S. tech companies, including Broadcom, Intel and Qualcomm, who all sell microchips to Huawei. American businesses “have lobbied the administration, saying that the ban will cut them off from a major source of revenue, while doing little to hold back Huawei’s technological advancement,” Mr. Tankersley and Ms. Swanson write.