The White House has stopped making a decision on US companies' licenses to reopen with Huawei, after Beijing said it would stop buying US agricultural goods, according to people familiar with the matter, causing shares of US companies that had applied for licenses to fall. With Huawei.

Trade Minister Wilbur Ross, whose ministry examined requests to resume sales, said last week he had received 50 applications and a decision had yet to be made.

US companies are asking for a special license to supply Huawei with the goods after the United States added a Chinese telecommunications giant to a trade blacklist in May because of national security concerns.

The blow to American companies
The decision shook US stocks, bonds, currencies and even soybean prices around the world.

Shares of Huawei US suppliers fell sharply after the decision, with Western Digital and Micron down 2.2% after news of delays in licensing approvals, while shares of all Huawei dealers such as Qualcomm, Excelinec and Newfotonex Corp fell more than 1% after hours of Advertising.

Shares of all Huawei suppliers fell after the announcement of the suspension of licensing to deal directly with the Chinese company.

The commercial truce is collapsing
President Donald Trump said in late June after agreeing to a trade truce now broken with Chinese President Xi Jinping in Japan that some restrictions on Huawei would be eased.

But that promise depended on China increasing its purchases of US farmers, which Trump said the state had failed to deliver.

Tensions escalated further last week, with Trump saying he would impose a 10 percent tariff on $ 300 billion in Chinese imports from Sept. 1, and the US Treasury officially described China as a currency manipulator.

However, Trump said last week that there were no plans to overturn his decision in Japan to allow more sales from US suppliers of non-sensitive products to Huawei. He said the Huawei issue was not related to trade talks with China.

The White House had no immediate comment, and the Commerce Department declined to comment. Huawei also declined to comment on Bloomberg's questions. China's Ministry of Foreign Affairs and Trade did not immediately respond to fax requests for comment.

Technology battlefield
Technology companies have already arrived at the White House to get quick licenses that allow them to resume some component shipments to Huawei.

The Chinese company is one of the world's largest semiconductor buyers. Continued access to this market is important for chip makers, such as Intel and Qualcomm, who sent their chief executives to meet Trump in July.

Companies like ExcelNex and Micron have publicly said they applied for licenses and called on the United States to allow it to resume work with Huawei.

Companies claim that many of their products can be easily obtained from competitors abroad, making the ban ineffective and also hurting the industry that is supposed to benefit from the trade dispute with China as Trump promised.

Some US-based electronic component manufacturers have already reported sales and made forecasts showing the negative effects of the trade dispute with China.