U.S. Commerce Department Withdraws Rule That Reduces Sales To Huawei

The U.S. Commerce Department has withdrawn a controversial rule designed to reduce sales to China's Huawei Technologies. The Commerce Department in May placed Huawei on a trade blacklist, citing national security concerns. That allowed the U.S. government to restrict sales of American made goods to the company and a small number of items made abroad that contain U.S. technology. That ruling now appears to have been reversed. President Donald Trump's administration plans a cabinet-level meeting this week to discuss the rule, which could be revived, killed or rewritten, amid pushback from the U.S. Treasury Department and the Defence Department that want Huawei to remain blacklisted over concerns about national security.