Wilbur Ross confirms U.S. firms can sell to Huawei - SupChina
Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

Premium

Join the thousands of executives, diplomats, and journalists that rely on SupChina for daily analysis of the full China story.

Daily Newsletter

All the news, every day. Premium analysis directly from our Editor-in-Chief Jeremy Goldkorn.

24/7 Slack Community

Have China-related questions and want answers? Our Slack community is a place to learn, network, and opine.

Free Live Events & More

Monthly live conference calls with leading experts, free entry to SupChina live events in cities around the world, and more.

"A jewel in the crown of China reporting. I go to it, look for it daily. Why? It adds so much insight into the real China. Essential news, culture, color. I find SupChina superior."
— Max Baucus, former U.S. Ambassador to China

Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

OR… for more in-depth analysis and an online community of China-focused professionals:

Learn About Premium Access Now!
Learn More
Minimize
Learn More
Minimize

Wilbur Ross confirms U.S. firms can sell to Huawei

Meanwhile, China's ambassador to the U.S. joins Twitter.

U.S. Commerce Secretary Wilbur Ross confirmed yesterday that “the U.S. would grant licenses to U.S. companies that want to sell technology to Huawei Technologies Co. as long as the sales wouldn’t put national security at risk, expanding on a pledge made last month by President Trump to Chinese President Xi Jinping,” according to the Wall Street Journal:

Huawei will remain, however, on the Commerce Department’s “entity list,” Mr. Ross said Tuesday, meaning that companies that want to sell U.S.-sourced technology to Huawei must first apply for a license. The department will continue to review such licenses with a “presumption of denial,” he said.

Mr. Ross didn’t issue any timeline for when such licenses might be granted. A Huawei spokesman didn’t immediately respond to a request for comment.

Meanwhile, Reuters says, “The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed.”

The view from Beijing is similarly gloomy, according to Bloomberg, which states that “few in Beijing see a clear pathway to a lasting deal. Pessimism dominated in conversations last week with about a dozen bureaucrats, government advisers and researchers in China’s capital.”

Here are other reports from the front lines:

  • “It’s open season if you’re a Chinese-American scientist. They’ve got a target on their back.” That’s the view of Peter Zeidenberg, “a former federal prosecutor who has represented several Chinese-American professors and researchers in these espionage-related cases,” according to the Boston Globe. Zeidenberg added, “They are extremely alarmed and afraid.” See also on SupChina:

The U.S. Sinophobia Tracker: How America is becoming unfriendly to Chinese students, scientists, and scholars

The new Yellow Peril?

  • The Chinese ambassador to the U.S., Cuī Tiānkǎi 崔天凯, has joined Twitter. His only tweet so far: “I’m pleased to join Twitter and look forward to engaging with more American people. Feel free to follow me and @ChineseEmbinUS to stay looped in.” Cui has not yet followed anyone, so it looks like his account will be a one-way channel of communication.

  • “Chinese venture capital investment in U.S. biotech companies fell by more than half in the first half of the year as Washington tightened scrutiny of funding from overseas, raising fears that U.S. start-ups will struggle to raise funds and access the large Chinese market,” reports the Financial Times.
  • New duties on Chinese and Mexican steel are in the works, CNN reports:

The U.S. Department of Commerce said Monday that exporters of fabricated structural steel in China benefited from subsidies ranging between about 30 and 177 percent, while those in Mexico received subsidies of up to 74 percent.

The department said it will instruct U.S. Customs and Border Protection to start collecting cash deposits from importers of the steel products from both countries. It noted that the decision is preliminary, and final determinations will be announced around November 19.

In 2018, the US imported $897.5 million worth of fabricated structured steel from China, and $622.4 million worth from Mexico, according to the Commerce Department.

  • Trump’s tariffs could cause a Bible shortage in the U.S., according to the Associated Press: “That’s because millions of Bibles — some estimates put it at 150 million or more — are printed in China each year… Critics of a proposed tariff say it would make the Bible more expensive for consumers and hurt the evangelism efforts of Christian organizations that give away Bibles as part of their ministry.”
Jeremy Goldkorn

Jeremy Goldkorn worked in China for 20 years as an editor and entrepreneur. He is editor-in-chief of SupChina, and co-founder of the Sinica Podcast.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.