Donald Trump teased a “major announcement” just weeks after declaring a third presidential run, leading to millions speculating about big campaign moves.
The Trump administration is further tightening restrictions on China's Huawei, seeking to starve it of crucial components by cutting off all access to U.S. technology.
In the United States, President Trump has issued an executive order looking to force China's ByteDance to divest its U.S. operations in TikTok within 90 days, in another twist to his never-ending feud with China.
President Trump has extended his executive order banning US companies from using or buying telecoms equipment from Chinese manufacturers Huawei and ZTE for another year.
US President Trump signed into law on Thursday a bill that provides $1 billion to help small telecom providers replace equipment made by China’s Huawei and ZTE.
Microsoft has been granted a license from the U.S. government to export software to Huawei. The Donald Trump Administration on Wednesday gave Huawei its second 90 day reprieve this week, allowing some suppliers to restart sales to Huawei after it was placed on a trade blacklist over national security concerns six months ago.
US technology companies will be allowed to continue selling to Huawei under certain circumstances, after the US commerce secretary extended a second temporary 90-day reprieve. Wilbur Ross on Monday said the Trump administration would extend a temporary licence for companies to sell to the Chinese company if they are selling repairs or updates to existing systems.
Following talks with President Xi Jinping. President Trump said Saturday he will allow U.S. companies to sell products to Huawei, offering a concession to China.
President Trump has issued an executive order giving his administration sweeping powers to block Huawei and other foreign communications firms from doing business in the United States.
