huawei two week license extension us companies monday

In episode who’s-still-counting in the US-China trade conflict, which appears to be hurting Huawei the most, the Chinese telecommunications company is set to get a two-week extension for its license to work with US companies, Reuters cites sources familiar with the matter. It’s a short extension to the ongoing 90-day extension, which expires on Monday.

Meanwhile, a longer extension is reportedly in the works, but is being held back by regulatory hurdles, hence the shorter extension. Naturally, no official source has confirmed these statements, with both sides denying to comment.