Trump gives Huawei 'temporary license' after technology stocks tank
The Trump administration will allow US companies to keep doing business with Huawei for the next three months after technology stocks take a beating
Huawei founder Ren Zhengfei on Tuesday told Chinese state media that the temporary relief meant little for the company as it had been preparing for this eventuality for a long time.
“The U.S. government’s actions at the moment underestimate our capabilities,” Ren said in an interview with CCTV, according to a transcript published by the Chinese state broadcaster.
The Commerce Department said it will evaluate whether to extend the license period beyond 90 days.