mo4ch:>US hurts its own tech sector by putting brakes on Huawei trade licenses – report | Mo4ch News

The White Housw is holding off on granting licenses that would allow US firms to trade with Huawei, according to Bloomberg. The move, which could hurt the US tech sector, comes after China halted purchases of American crops.Commerce Secretary Wilbur Ross, responsible for granting the special licenses to qualified companies, says he has received 50 requests from firms eager to resume sales to the Huawei and that a decision is “pending.”Huawei, one of the largest buyers of semiconductors in the world, spent $11 billion last year on components from US companies like Qualcomm, Microsoft, and Google. The continuation of that lucrative trade now depends on reauthorization of the waivers those companies (and many more) were granted to continue selling their products to Huawei after it was blacklisted in May.The foot-dragging comes after Beijing announced that it would stop purchasing US farminggoods. Also on rt.comChina's ban on US agriculture hurts American farmers & Trump's re-…