‘Good chance’ for more US exports to Huawei: Trump aide

Many US lawmakers are concerned about any lifting of the ban against Huawei. (AP)
Updated 01 July 2019

‘Good chance’ for more US exports to Huawei: Trump aide

  • US officials fear the systems built by Huawei could be used by China’s government for espionage via built-in secret security “backdoors”
  • Huawei has vigorously denied that, saying the US has never provided proof to substantiate it

WASHINGTON: As the US and China pursue trade talks, there is a “good chance” that more US firms will be granted licenses to sell products to controversial Chinese telecoms giant Huawei, White House economic adviser Larry Kudlow said Sunday.

Kudlow’s comments came after President Donald Trump and China's Xi Jinping agreed on Saturday to a truce in their trade war, and Washington pledged to hold off on new tariffs while they negotiate.

While Trump had signaled the softer position on Huawei, a sticking point in trade talks, by saying US companies could sell equipment “where there’s no great national security problem,” Kudlow added a bit of detail.

The senior Trump aide told “Fox News Sunday” that “there’s a good chance the Commerce Department, Secretary (Wilbur) Ross, will open the door on that and grant new licenses.”

The US has said it fears that systems built by Huawei — the world leader in telecom network equipment and No. 2 two smartphone supplier — could be used by China’s government for espionage via built-in secret security “backdoors.”

Huawei has vigorously denied that, saying the US has never provided proof to substantiate it.

Many US lawmakers, including Senate Republicans like Ted Cruz and Marco Rubio, are concerned about any lifting of the effective ban against Huawei accessing crucial American technology or operating in the US market.

“If President Trump has agreed to reverse recent sanctions against Huawei, he has made a catastrophic mistake,” Rubio tweeted on Saturday.

Kudlow emphasized that Huawei will remain on the so-called US Entity List — foreign companies and individuals that are subject to specific export and technology transfer licensing requirements.

“This is not a general amnesty,” Kudlow said.

“The Commerce Department will grant some temporary additional licenses where there is a general availability” of the products to be sold, he added.

In a later interview on CBS talk show “Face the Nation,” Kudlow said: “We understand the huge risks regarding Huawei.”

On the general issue of US-China trade talks, Kudlow declined to offer any deadline for the resolution of the dispute between the world’s top two economies, though he admitted the talks could “go on for quite some time.”

“There are no promises, there’s no deal made, no timetable,” he said. “Just resuming the talks... is a very big deal.”

 

 

 


Philippine jobless rate hits record 17.7% in April due to pandemic

Updated 05 June 2020

Philippine jobless rate hits record 17.7% in April due to pandemic

  • The Philippines is facing its biggest economic contraction in more than three decades
  • April’s 17.7 percent unemployment rate equivalent to 7.3 million people without jobs

MANILA: The Philippines’ unemployment rate surged to a record 17.7 percent in April, the statistics agency said on Friday, as millions lost their jobs due to a pandemic-induced lockdown that battered the economy.
The Philippines, which before the pandemic was one of Asia’s fastest growing economies, is facing its biggest contraction in more than three decades after the new coronavirus shuttered businesses and crushed domestic demand.
April’s unemployment rate, which is 7.3 million people without jobs, compares with 5.3 percent in January and 5.1 percent in April last year.
“We should not lose sight of the fact that this loss in employment is really temporary,” Economic Planning Undersecretary Rosemarie Edillon said in an online news conference.
The lockdown in the capital, Manila, which was one of the world’s longest and strictest, was relaxed as of June 1 to allow much-needed business activity to resume and soften the economic blow of the coronavirus, which has infected more than 20,000 in the country.