Huawei will reportedly get another 90-days to obtain U.S. supplies for existing devices
6

Days after Huawei was placed on the U.S. Commerce Department's Entity List preventing the company from accessing its U.S. based supply chain, the Trump administration gave the Chinese manufacturer a 90-day reprieve. During the period, U.S. companies were allowed to ship to Huawei parts and software "necessary to maintain and support existing and currently fully operational networks and equipment, including software updates and patches." With that 90-day period set to expire this Monday, unnamed sources told Reuters that the U.S. will extend the "temporary general license" for another 90-day period.
Huawei shipped 118 million phones globally during the first half of this year
Huawei's ban also remains a possible bargaining chip that the U.S. can play in an attempt to get favorable terms out of China during future trade talks. Both countries are engaged in a trade war that will escalate on September 1st. That's the date when a 10% tariff (or import tax) will be placed on over $300 billion worth of additional Chinese goods imported into the states. While certain products like cellphones (in particular the Apple iPhone) are included in this tier of products, President Trump has pushed back the imposition of the tax on certain products (like the iPhone) until December 15th. The president said that he did this so as not to make this group of products more expensive during the holiday shopping season.
Huawei was expected to become the largest smartphone manufacturer in the world by the fourth quarter of this year. Last year the company shipped 206 million handsets to finish third behind Samsung and Apple. For the first quarter of this year, the company delivered 59 million units, up more than 50% on an annual basis. That placed it second, ahead of Apple but behind Samsung. While the company shipped another 59 million phones during the second quarter, the three month period from April through June historically has resulted in strong sequential gains from the first quarter. The flat results achieved during this year's second quarter do not bode well for the company and indicates that even though it delivered 118 million phones in the first half of 2019, the ban has severely hurt Huawei's smartphone business.
Things that are NOT allowed: