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Last month the tech world was taken by storm when the Department of Commerce decided to add Huawei to a blacklist which required US companies to obtain clearance from the government before doing business with the company. The ball started to roll when Google announced that it would stop providing Huawei with future versions of Android, and limit its support to existing devices only. Now, at the sidelines of the G20 summit being held in Japan, President Trump has some good news for the Chinese company and its users. Take a look below for more details.

President Trump Announces That Huawei Will Be Able To Conduct Business With American Companies Normally

Right now, Huawei is on the US Department of Commerce's Entity List that prohibits American companies from conducting business with the company. Right now, the Chinese company depends on a lot of US suppliers for its smartphones and 5G networking equipment. Its entry in the Commerce Department's entity list initiated a waterfall of consequences that saw Huawei's membership being suspended by the WiFi Alliance, UK chip designer ARM directing its staff to stop working with the company and the IEEE restricting Huawei's researchers from auditing upcoming research papers.

Now, US President Donald Trump has announced that his country will allow US companies to sell their products to Huawei. Huawei purchased $11 Billion worth of supplies from American companies last year, and the concession will ensure that these companies do not lose this important revenue stream.

“U.S. companies can sell their equipment to Huawei. We’re talking about equipment where there’s no great national security problem with it," said the president at a press conference in Osaka, Japan. He went on to add that, "I’ve agreed to allow them to continue to sell that product so that American companies will continue,” reports Bloomberg. The statements from the President are a softening of his administration's rhetoric against the Chinese company which has been deemed as a national security risk to the United States.

While the President's statements are a breath of fresh air, their implications on Huawei's relationship with the US government are unclear. Mr. Trump has said that his administration will conduct meetings to take the company off of the Entity List, as per The Wall Street Journal. If this bears fruit, then it will be business as normal for Huawei, save for the losses that the company has already incurred due to being stuck in the middle of the trade-war tussle between the US and China.

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