Huawei’s crisis looms after 80-minute meeting between Trump and Xi
US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to a truce from their year-long trade fight that has cost companies billions of dollars, mainly Huawei Technologies.
Trump said it would allow the sale of US corporate technology to China’s Huawei, while Beijing would buy more US agricultural products.
Huawei is the world’s largest producer of communications devices, but is under scrutiny after the United States told its allies not to use Huawei’s technology because of concerns it might be a vehicle for Chinese espionage.
Trump listed Huawei Technologies on the US black list of trade in May, which banned US companies from doing business with Huawei involving a transfer of hardware, software or technical services.
This led to Google’s ban on any business with Huawei, as well as US companies suspending shipments of chips to Huawei’s portable devices.
But Trump and Shei sat down to attend an 80-minute lunch meeting on Saturday on the sidelines of the G20 leaders’ summit, the Wall Street Journal reported on Saturday.
The newspaper added that the United States was ready to ‘strike China’ a new lifting of duties on Chinese imports, without this meeting.
After the lunch session, the two sides said their talks would resume and the threat of lifting the fees was indefinitely postponed.
“We will continue to work with China where we stopped, to see if we can make a deal,” Trump said at a news conference. “I did not rush.” He described the talks as ‘complex’.
Although Trump said he would leave Huawei’s case until the end of negotiations, he seemed to have done otherwise.
He said US companies could now ship their goods to Huawei. Trump’s statement means that US goods, which are different parts and technological equipment, will be re-supplied to the Chinese giant, which the US government has described as a ‘national security risk’.
Trump said his administration would soon hold meetings on how to deal with Huawei, which has not commented on the breakthrough in its crisis so far. Source