Ross: Huawei licenses coming 'very shortly'

Secretary of Commerce Wilbur Ross said in a new interview that licenses for U.S. companies to sell products to Chinese tech giant Huawei will be coming “very shortly."

Ross told Bloomberg that licenses for some of the 260 companies that have applied to do business with blacklisted Chinese companies “will be forthcoming very shortly” as the U.S. and China take steps to close a “Phase One” trade agreement.

“That’s a lot of applications -- it’s frankly more than we would’ve thought,” Ross said. “Remember too with entity lists, there’s a presumption of denial. So the safe thing for these companies would be to assume denial, even though we will obviously approve quite a few of them.”

The Trump administration stopped U.S. companies from selling software and components to Huawei in March due to national security concerns. It added 28 more companies, including artificial intelligence firms, to the blacklist last month. 

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