Treasury Secretary says US could ease restrictions on Huawei with progress on trade deal

The Verge | June 09, 2019

Treasury Secretary says US could ease restrictions on Huawei with progress on trade deal
The United States could ease off its restrictions on embattled Chinese telecom Huawei, says US Treasury secretary Steven Mnuchin, if the US and China make progress in coming up with a trade deal, according to Reuters. Mnuchin made the comments on Sunday, saying that “I think what the president is saying is, if we move forward on trade, that perhaps he’ll be willing to do certain things on Huawei if he gets comfort from China on that and certain guarantees. But these are national security issues.” Those comments come after President Donald Trump issued an executive order in May that allows the government to forbid US companies from selling technology to foreign firms deemed a risk to national security. That order has caused considerable headaches for Huawei, which has long been targeted by the US intelligence community as security threat, citing potential ties to the Chinese government. The result has led numerous US tech firms to stop selling components and software to Huawei, which in turn has led China to threaten to retaliate with a blacklist or other “permanent” consequences.

Spotlight

The far-reaching cybersecurity incidents of 2017 demonstrate that we cannot ignore the harmful impact that poor cybersecurity practices have on the Nation. Hundreds of millions of Americans had their personally identifiable information (PII) compromised in a string of data breaches that exploited unpatched vulnerabilities at companies whose core services focus on safeguarding that very information. Tens of thousands of Federal employees and taxpayers also had their information compromised because of agencies’ limited data and website protection. These incidents continue to demonstrate that effective cybersecurity requires any organization whether a Federal agency or a public or private company to identify, prioritize, and manage cyber risks across its enterprise.


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Spotlight

The far-reaching cybersecurity incidents of 2017 demonstrate that we cannot ignore the harmful impact that poor cybersecurity practices have on the Nation. Hundreds of millions of Americans had their personally identifiable information (PII) compromised in a string of data breaches that exploited unpatched vulnerabilities at companies whose core services focus on safeguarding that very information. Tens of thousands of Federal employees and taxpayers also had their information compromised because of agencies’ limited data and website protection. These incidents continue to demonstrate that effective cybersecurity requires any organization whether a Federal agency or a public or private company to identify, prioritize, and manage cyber risks across its enterprise.

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