Ross: Huawei to remain on BIS entities list; licenses ‘under presumption of denial’

Chinese telecom giant Huawei will remain on the Bureau of Industry and Security’s Entity List, Commerce Secretary Wilbur Ross said on Tuesday, adding that export licenses for companies seeking to sell to Huawei will remain “under presumption of denial” but Commerce will issue licenses in cases when national security is not at stake. After meeting with Chinese President Xi Jinping at the G20 summit in Osaka, Japan, last month, Trump said the U.S. would lift some restrictions on Huawei. Roughly...