Published: Mon, July 01, 2019
Global News | By Blake Casey

U.S. steps back from Huawei ban

U.S. steps back from Huawei ban

However, nothing concrete has emerged from the most recent trade talks held between the two economic giants, and the US could maintain broad tariffs on Chinese goods for months or perhaps years to come, the report said.

That said the Trump administration has been keen to counter any perception that this concession amounts to a more general weakening of the Trump position. "Donald Trump suggests he would allow #Huawei to once again purchase USA technology!"

Huawei, the world's biggest telecommunications equipment maker and No.2 smartphone maker, denies its products pose a security threat and has sought to fight back in USA courts since Washington put it on an export blacklist last month.

The world's two largest economies are resuming trade talks and holding off on new tariffs after Trump and Xi met Saturday on the sidelines of the Group of 20 Summit in Osaka, Japan. The president shares the concerns of lawmakers about national security and plans to meet with "senators and others" to discuss the issue, Kudlow added.

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It has drawn bipartisan criticism from U.S. Senators concerned that Huawei has close ties to Chinese intelligence agencies that could exploit the global distribution of its technology. Marco Rubio of Florida called it a "catastrophic mistake". "At the request of our High Tech companies, and President Xi, I agreed to allow Chinese company Huawei to buy product from them which will not impact our National Security".

The president has repeatedly insisted that China bears the cost of the tariffs he's imposed on its exports to the US, rejecting the consensus of economists that the taxes are paid by American companies and consumers in the form of higher prices. Trump also stated that current tariffs would not be decreased and that he was focused on the quality, not the speed, of the transaction. "There will be no reduction in the Tariffs now being charged to China".

However, the official China Daily, an English-language newspaper often used by Beijing to put its message out to the rest of the world, warned that while there was now a greater likelihood of reaching an agreement, there's no guarantee there would be one.

'Even though Washington agreed to postpone levying additional tariffs on Chinese goods to make way for negotiations, and Trump even hinted at putting off decisions on Huawei until the end of negotiations, things are still very much up in the air, ' it said in an editorial late Saturday.

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