Huawei Has To Keep Waiting As White House Delays In Granting Licenses

China's economy grew 6.2 per cent in the second quarter of this year its slowest rate in 27 years hit by a costly tit-for-tat exchange of tariffs with the United States

Companies seeking to export US-made components and technology to Huawei must apply for a special license after the Department of Commerce put the company on a trade blacklist on May 16. Weighing on risk appetite was a report from Bloomberg that Washington is delaying a decision about licenses for US firms to restart trade with Huawei Technologies. The ongoing impasse highlights a lack of trust between both sides, which will likely further complicate the process to reach an agreement.

The White Housw is holding off on granting licenses that would allow USA firms to trade with Huawei, according to Bloomberg. Washington has issued a grace period on most equipment, but that will expire August 19.

USA stock futures did not look much brighter either.

Weighing on risk appetite was a report from Bloomberg that Washington is delaying a decision about licences for U.S. firms to restart trade with Huawei Technologies.

The U.S. decision rattled stocks, bonds, currencies and even soybean prices around the world.

Trump said the United States would not do business with Huawei for the time being, although that might change with a trade deal.

The countries have imposed tariffs on $360 billion in two-way trade, and with the new round announced by Trump all Chinese goods would be subject to punishing duties.

US and Chinese trade representatives met on July 30 in Shanghai for two days of talks, described by both sides as "constructive".

European Union open to Brexit talks but refuses to modify divorce deal
Dominic Cummings , Johnson's most senior aide, told colleagues last week that Johnson would simply refuse to quit. The plan negotiated between the European Union and the former Prime Minister was voted down by MPs three times.

Morning showers could become severe storms Wednesday afternoon
Our weather pattern changes dramatically on Friday as dry air sends dew points plummeting (from about 70 to about 50). The Kansas and Missouri rivers in Wyandotte County are now below flood stage and below action stage.

Dow trades 500 points lower as trade war worries continue
Those concerns have grown as the conflict heated from a simmer to a boil last week, even as both sides resumed negotiations. China stabilised the yuan on Tuesday and that helped lift USA stocks a day after they endured their worst day of the year .

Angry at China for not following through with a pledge to buy more agricultural products from the US, Trump announced plans to raise tariffs on Thursday.

Technology and communications companies were among the biggest losers in early trading.

China chose to stop buying US agricultural products in retaliation against Trump's announcement last week that he plans to impose a 10 percent tariff on the remaining $300 billion worth of Chinese imports.

Mei Xinyu, a researcher at the Ministry of Commerce's International Trade and Economic Co-operation Institute, said the renminbi is unlikely to depreciate sharply because its value is supported by the stable fundamentals of the Chinese economy and its long-time trade surplus, which is likely to continue to increase.

Imports of USA goods fell 19% from a year earlier to $10.9 billion, customs data showed Thursday, though that was an improvement over June's 31.4% fall.

However, optimism was dented by the Bloomberg report, which added to concerns that deterioration in U.S.

Beijing has yet to place any restrictions on its rare earth supplies to the U.S.

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