US delays Huawei trade ban for another 90 days

[Zippyjuan]

https://www.bbc.com/news/technology-49391420

Trump backing off his trade war as global economies slow. He recently postponed tariffs on a large chunk of Chinese goods until December so he would not ruin Christmas. This delay would put it into December too. He also upped his pressure on the Fed calling for a large cut in interest rates and also for them to start quantitative easing again. That is usually reserved for recessions- not for a still growing economy which he insists is roaring along.

The US Commerce Secretary, Wilbur Ross, has confirmed a ban on Chinese technology giant Huawei will not come into force for another 90 days.

The US blacklisted the company in May because of national security concerns.

Huawei was then granted a temporary permit in order to ease the transition, which was due to expire on Monday.

However, Mr Ross added a further 46 Huawei affiliates would now be added to the US Entity List, a blacklist of firms with which the US will not trade.

The reprieve was designed to allow companies such as Google to trade with Huawei while adjusting to the restrictions.

And Mr Ross said the extension would help US customers.

"We're giving them a little more time to wean themselves off," he said.

Huawei said in response that it was opposed to the decision to add the extra affiliates to the Entity List and felt it was politically motivated.

"Today's decision won't have a substantial impact on Huawei's business either way," the firm said in a statement.

On Sunday, US President Donald Trump said Huawei was a company "we may not do business with at all", which some had interpreted as signalling the reprieve would not be extended.

[TheTexan]

He also upped his pressure on the Fed calling for a large cut in interest rates and also for them to start quantitative easing again. That is usually reserved for recessions- not for a still growing economy which he insists is roaring along.

If printing money is good during recessions, then it's even better when market is booming

[Swordsmyth]

Trump is still negotiating and fine tuning, that isn't "backing off".

[Zippyjuan]

Trump is still negotiating and fine tuning, that isn't "backing off".

China will be noting his weakness. They now know he actually is concerned about the trade war impact on the economy. They are willing to tolerate pain.

[Swordsmyth]

China will be noting his weakness. They now know he actually is concerned about the trade war impact on the economy. They are willing to tolerate pain.

LOL

There is no weakness and they are about to collapse.

[Zippyjuan]

LOL

There is no weakness and they are about to collapse.

He is showing fear about the economy. He wants zero percent interest rates. He wants the Fed to start QE. He is looking at cutting taxes as a stimulus. China can handle economic pain (they have been trying to reduce their reliance on exports for their economy anyways and Trump's trade war is helping them out with that).

[Swordsmyth]

He is showing fear about the economy. He wants zero percent interest rates. He wants the Fed to start QE. He is looking at cutting taxes as a stimulus. China can handle economic pain (they have been trying to reduce their reliance on exports for their economy anyways and Trump's trade war is helping them out with that).

He is playing with their heads (and yours).

China is already in deep trouble and they have no way out.

[Zippyjuan]

He is playing with their heads (and yours).

China is already in deep trouble and they have no way out.

Ah, the usual cliches from the Internet Forum Guidebook.

[Swordsmyth]

Ah, the usual cliches from the Internet Forum Guidebook.

Truth is a force of nature.

[Zippyjuan]

And the usual cliche response to that point.

[Swordsmyth]

And the usual cliche response to that point.

What point?
The one on your head?

[Danke]

Ah, the usual cliches from the Internet Forum Guidebook.