BUSINESS/CHINA/TECHNOLOGY/TRUMP AS PRESIDENT: “The chairman of Huawei said Friday [7-12-19] the Chinese tech giant has yet to see any benefit from President Donald Trump’s promise to allow U.S. companies to sell some components to the company and called on Washington to remove it from a security blacklist. The ‘unjust and unfair’ decision to add Huawei Technologies Ltd., the biggest maker of network equipment for phone companies, to a list that restricts exports is hurting its U.S. suppliers and global customers, Liang Hua told a news conference. American officials accuse Huawei of facilitating Chinese spying, a charge the company denies, and see it as a growing competitor to U.S. technology industries. Its founder, Ren Zhengfei, said in June the company has cut sales forecasts by $30 billion over the next two years due to curbs on access to U.S. chips and other components. Trump promised last month to allow some sales to Huawei but said it will stay on the ‘entity list’ until talks over Washington’s tariff war with Beijing are concluded…Despite the U.S. export restrictions, Huawei revenue grew in the first half of this year, Liang said. He declined to give details ahead of the release of financial results later this month.”
–Associated Press, “‘Unjust and unfair’: China’s Huawei calls on Trump to lift export restrictions,” USA Today, July 12, 2019 10:38 am