The ongoing Huawei drama has been fascinating to see as one of the world's largest technology companies is slowly being eaten by trade bans. Huawei lost the ability to use Google services on its Android phones if the revenue prospects were cut and started working on an alternative to Android. Today may be the start of the end of Huawei's problems that President Trump announced today that "US companies can sell their equipment to Huawei."
Huawei was added to the US Entity List back in May, preventing US companies from working with Huawei at all. Google could not license Huawei's phones, Huawei could not get Snapdragon chips from Qualcomm, etc. The official reason for the ban was security issues, but it was quite obvious that the ban was only part of the ongoing trade war between the United States and China. Trump even said in May that a lift on the Huawei ban could be part of a trade deal.
President Trump and China's Xi Jinping participate in the G20 trade relations in Osaka, Japan. As part of a preliminary agreement that will see China buying "huge" amounts of US agricultural products, companies in the US will be allowed to sell components to Huawei.
President Trump has apparently softened his tone on the Chinese communications giant Huawei, suggesting he would allow the company to buy American technology again https://t.co/4YNJCyKLTg pic.twitter.com/jr45f40ghP
̵1; CNN International (@cnni) June 29, 2019
However, Huawei remains on the Entity List, so it's still technically illegal for US companies to trade with the company. President Trump says the complete removal has not yet been decided.
TO OR FROM?: "We're talking about it, we have a meeting on it tomorrow or Tuesday," says Trump, when asked to clarify whether Huawei should be taken out of the US trading list. It seems that things have not yet been confirmed # G20Osaka
– Olivia Siong (@OliviaSiongCNA) June 29, 2019
Although the agreement is not completely completed, it may be the end of Huawei's problems – until another trade war starts, anyway.