Huawei still banned from doing business with US companies until May 2021

Huawei continues to be prevented from doing any business with U.S. companies following the executive order signed by President Trump.

Huawei has been scrambling to keep a foothold of its rise to global dominance ever since the U.S. dropped its gauntlet. The Chinese company is on a roll to virtually be present in all markets around the world.

The specialty of the company lies in communications technology and consumer electronics. Not surprisingly, several countries are anxious about the possibility that China is listening to classified information being shared on these devices. As such these countries are calling for a total ban on procuring Huawei devices.

The U.S. led the way with this when it completely banned all companies in the U.S. from dealing with telecom companies that pose cybersecurity threats to the country.

One year extension of the ban

President Trump just signed the executive order extending the ban up to May 2021. The order didn’t specify which companies are banned, but it clearly is targeted towards Huawei and other Chinese telecom companies.

Huawei has been on the crosshairs of the U.S. ever since the trade war between the countries erupted. The ban on Huawei means that no U.S. company can deal with the Chinese company especially on matters of procuring devices from the latter.

Fortunately for Huawei, the U.S. Government eased up on the ban by allowing certain companies to continue doing business with Huawei. The temporary limited license is set to expire on May 15, but an insider claimed that it will be extended for another period.

Effect on Huawei’s business

Huawei is focusing its efforts now on covering its home country with 5G telecom base stations. It currently holds the country’s biggest contract in terms of the 5G rollout. In fact, Huawei is already beating the Chinese government’s 5G plans.

Huawei’s consumer electronics took the biggest hit with the blacklisting. Huawei reportedly lost up to 35% of its sales outside of China when Google pulled out its services from the company’s new phones.

Huawei P30 Pro new version

Huawei found a loophole in the ban imposed on them by the U.S. The Chinese company announced earlier this week that the Huawei P30 Pro will be re-released. The surprising marketing ploy is that it will come with pre-installed Google staple apps such as Gmail, Youtube, and Google Maps.

The Huawei P30 Pro new version will be released in the limited edition Silver Frost color and will ship only with a bigger 256GB internal memory capacity.

Image courtesy of Ascannio/Shutterstock

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