Commerce Secretary Wilbur Ross announced that the US will allow companies to sell to Huawei Technologies as long as it doesn’t put national security at risk, according to The Wall Street Journal.

The announcement makes good on a promise by President Trump to Chinese President Xi Jinping to ease economic sanctions and bans on the Chinese economy. The Commerce Department will continue to have Huawei on its entity list, meaning companies must first obtain a license before any business with Huawei is done. Ross said that the department will continue to review these licenses with a “presumption of denial.”

Ross also said, “Within those confines we will try to make sure that we don’t just transfer revenue from the U.S. to foreign firms.”

The Commerce Department did not issue a timeline of when or how quickly those licenses would be approved and Huawei did not respond for comment on the situation. On May 16, the US government stopped Huawei from all business in the US because of concerns that their product could be used to spy or disrupt communication in the US.

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Economics, Finance and Investing