Market News and Commentary – Wall Street Underground

By Nick Guarino | August 20, 2019

Told You The ASSHOLE Would BLINK… U.S. To Delay Huawei Ban By 90 Days

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The U.S. has delayed its trade ban on Huawei by a further 90 days, despite President Donald Trump’s insistence that American companies will be blocked from trading with the Chinese tech giant.

Commerce secretary Wilbur Ross today said his department will extend a temporary measure that allows American companies to do business with Huawei. The ban was due to come into force today, but media reports over the weekend suggested an additional three-month reprieve would be granted.

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