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Tuesday, 21 May 2019 08:26

Trump Grants Reprieve for Huawei

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(Washington)

The panic over Trump’s blacklisting of Huawei was reaching a fever pitch. The fall out had gotten so bad that it looks like the President decided to take a step back. Trump has now granted a three-month reprieve on the blacklist to give companies time to adjust. The stay is not a cancellation of the decision, just a window for adjustment. Huawei says it “doesn’t mean much”.


FINSUM: This is smarter than a sudden blanket ban as it will give a little adjustment period which may make it a bit easier for companies and markets to digest.

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