US has not changed its basic stance on Huawei

The United States may approve licenses for American companies to resume new sales to Huawei, the world's largest telecommunications equipment maker, in as little as two weeks, which suggests the recent efforts of the two countries to ease restrictions on the Chinese company could move forward quickly.

After the meeting between Chinese President Xi Jinping and his US counterpart Donald Trump on the sidelines of the G20 Summit in Osaka last month, the US administration relaxed export restrictions on Huawei.

If Washington allows US companies to trade in products unrelated to national security with Huawei, it would ease the pressure the Chinese company has been under since being added to the US' Entity List, which identifies entities believed to be involved, or to pose a significant risk of being or becoming involved, in activities contrary to the US' national security or foreign policy interests.