‘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.”

 

 

 


Conflict-hit Libya to restart oil operations but with low output

Updated 10 July 2020

Conflict-hit Libya to restart oil operations but with low output

  • There is significant damage to the reservoirs and infrastructure
  • A first cargo of 650,000 barrels will be shipped by the Kriti Bastion Aframax tanker

TUNIS: Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports on Friday as a first tanker loaded at Es Sider after a half-year blockade by eastern forces, but said technical problems caused by the shutdown would keep output low.
“The increase in production will take a long time due to the significant damage to reservoirs and infrastructure caused by the illegal blockade imposed on January 17,” NOC said in a statement.
A first cargo of 650,000 barrels will be shipped by the Kriti Bastion Aframax tanker, chartered by Vitol, which two sources at Es Sider port said had docked and started loading on Friday morning.
The blockade, which was imposed by forces in eastern Libya loyal to Khalifa Haftar’s Libyan National Army (LNA), has cost the country $6.5 billion in lost export revenue, NOC said.
“Our infrastructure has suffered lasting damage, and our focus now must be on maintenance and securing a budget for the work to be done,” NOC chairman Mustafa Sanalla said in the statement.
Control over Libya’s oil infrastructure, the richest prize for competing forces in the country, and access to revenues, has become an ever-more significant factor in the civil war.
The internationally recognized Government of National Accord, supported by Turkey, has recently pushed back the LNA, backed by the United Arab Emirates, Russia and Egypt, from the environs of Tripoli and pushed toward Sirte, near the main oil terminals.