US reportedly plans to grant licenses for firms to sell goods to blacklisted Huawei.

A Huawei logo displayed at a retail store in Beijing.
 Fred Dufour | AFP | Getty Images

The U.S. government plans to soon issue licenses to American companies to sell certain goods to Chinese technology giant Huawei, the New York Times reported, citing unnamed sources.

The U.S. blacklisted the world’s largest telecom-equipment maker earlier this year, and restricted Huawei from doing businesses with American companies. Huawei has been accused of being a national security risk by Washington, which alleged that its equipment could be used to funnel data back to Beijing. The Chinese firm has repeatedly denied those allegations.

The administration of President Donald Trump in May granted Huawei a temporary reprieve which allows American firms to provide Huawei with nonsensitive goods as long as they get a specific license from the government. The reprieve was extended for another 90 days on August 19.



By Arjun Kharpal.
Full story at CNBC.