WASHINGTON/NEW YORK (Reuters) – President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk.
FILE PHOTO – U.S. President Donald Trump arrives to address a coronavirus disease (COVID-19) outbreak press briefing in the Rose Garden at the White House in Washington, U.S., May 11, 2020. REUTERS/Kevin Lamarque
The order invoked the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the United States. U.S. lawmakers said Trump’s 2019 order was aimed squarely at Chinese companies like Huawei Technologies Co and ZTE Corp.
The U.S. Commerce Department is also expected to extend again a license, set to expire on Friday, allowing U.S. companies to keep doing business with Huawei, a person briefed on the…
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