New U.S. Limits on Huawei Suppliers Coming Soon, Ross Says
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Commerce Secretary Wilbur Ross said new rules are coming soon that will put more limits on U.S. companies supplying China’s telecommunications leader Huawei Technologies Co.
Huawei was blacklisted last year as a security threat by the administration of President Donald Trump. That prevented many U.S. companies from selling to the Chinese company. However, some U.S. suppliers worked around the rules to continue sending some crucial electronic components to Huawei.