Home Current News U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

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U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firmNEW YORK/SHANGHAI (Reuters) – The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action. The U.S. Commerce Department blocked Huawei Technologies Co Ltd from buying U.S. goods last week, saying the firm was involved in activities contrary to national security. The move came amid an escalating dispute over trade practices between the United States and China.