Yesterday US President Donald Trump made an announcement that comes as a great surprise to Huawei users. At the ongoing G20 summit Trump said that "U.S. companies can sell their equipment to Huawei." This is a major relief to Huawei, which was suffering from the political tension between the USA and China. He further added, "We are talking about equipment where there's no great national security problem with it. I said that's O.K., that we will keep selling that product, these are American companies that make these products. That's very complex, by the way. I've agreed to allow them to continue to sell that product so that American companies will continue."
Somehow the President of the USA and China agreed to continue the trade between the two countries. As negotiations are expected to resume on this matter, Trump says he will allow Huawei to do business with US-based companies. The relief isn't going to remove the ban on the Huawei immediately but hopefully, both parties will conduct conversations on how to remove the company's presence on the entity list soon. Mr. Trump didn't get into any particular details regarding the scope of relief, so we have to wait for the further announcement.
Nonetheless, this news comes as a major relief for the company and its stakeholders. After Trump banned the company from buying and using any services or products from US-based companies including Google, Qualcomm, and many other suspended business with Huawei. It was granted a temporary general license for a few months to prepare for the permanent ban. Because of this ban, the future of the Chinese company was in the dark. The company's sale dropped as much as 40 percent as a result of the ban. With this relief, we can expect Huawei to resume the usual operation.