U.S. telecommunications companies are pushing the Trump administration to move quickly on applications seeking exemptions to Huawei’s blacklisting, White House economic adviser Larry Kudlow said in a Fox News interview on Tuesday.
“Their only real ask was that as we’ve opened up the non-national security aspects of selling equipment to Huawei, that we can speed it up a little bit, that the Commerce Department will process applications so they can speed things up,” Kudlow told Fox.
Kudlow made the comments one day after executives from a number of top tech companies attended a meeting at the White House to discuss the issue.
via Reuters 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.