The drama of more than 6 months in which the Huawei company was involved will continue in the coming weeks, and this is because the US sanctions will not be lifted, but on the contrary, they will remain. According to some people familiar with the plans of the US government's commerce department, an extension of the exemptions from the sanctions imposed against Huawei will be announced on Monday, but not a complete elimination of them, as was rumored.
Huawei is going to have a share extension by two weeks of the exceptions from the sanctions imposed by the USA, the current exception will expire on Monday, and this after it was the second in 2019, for a total of 6 months. The decision of those in the USA to apply this new exception for only two weeks is based on the fact that mobile phone operators in rural areas of the USA need products and equipment from the Chinese to continue operating.
Two more weeks of torment for Huawei
The American government is currently working on a new exception for the sanctions it imposed against the company in China, which will last for 6 months, but apparently it is difficult to complete. Considering that that decision is not ready to be signed, and that telecom operators in the rural areas of the US risk having their activity blocked, the American government wants to offer another 2-week extension to Huawei starting from Monday.
"The Trump administration is set to issue a two-week extension of a license to allow American companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said."
Although it was rumored that Donald Trump would lift all the sanctions in the immediate period after he will conclude a new agreement with China to complete this whole situation, it seems that this will not happen. In reality, it seems that the USA will continue to maintain the current situation, most likely at the beginning of 2020, and since next year is an electoral year in the USA, it is unlikely that the situation will change.
All this time, Huawei seems to prosper, the company selling more phones than last year, also increasing in total revenues, so it seems that it is not affected by the situation at all.
