US to extend license for its companies to continue business with Huawei: sources

The Trump administration is set to issue a two-week extension of a license allowing US companies to continue doing business with China’s Huawei Technologies Co Ltd, two sources familiar with the deliberations said.

The extension of around two weeks is far shorter than the prior 90-day extension and a longer extension is in the works but has not yet been finalized due to regulatory hurdles, said one source who was briefed on the matter.