Commerce Department Agrees to Lift Restrictions on Business with Huawei

The United States confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China’s Huawei to allow them to work together on setting standards for next-generation 5G networks. The U.S. Commerce Department and other agencies signed off on the rule change, and it is awaiting publication in the Federal Register, Reuters reported, citing people familiar with the matter.