Commerce Department Temporarily Shelves New Huawei Trade Restrictions

The transcript discusses a proposed rule change by the US government to restrict business with Huawei, citing national security concerns. The Trump administration has placed Huawei on a trade blacklist, but a temporary license allows limited transactions. The Commerce Department aims to tighten this loophole, reducing the allowed percentage of American-made materials in goods sold to Huawei. However, the rule change is on hold due to concerns about potential revenue loss for US companies and its impact on research and development. The Chinese government heavily invests in Huawei, giving it a competitive edge in 5G technology, which raises further security concerns.

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