Published: Tue, July 02, 2019
Global News | By Blake Casey

China and United States to relaunch trade talks

China and United States to relaunch trade talks

After concluding a high-stakes meeting with Chinese President Xi Jinping in Osaka on Saturday, the USA president said American firms weren't pleased with his Huawei policy and announced that he has agreed to let them keep shipping some of their components and technology.

"US companies can sell their equipment to Huawei".

"Huawei is a complicated situation" that would be discussed as part of a broader trade agreement, he said, adding: "We have a national security problem, which to me is paramount". "Donald Trump suggests he would allow Huawei to once again purchase USA technology!"

Nicole Peng, an analyst with research firm Canalys, said it would be "a big win" for Huawei if Google could get a temporary license and continue its business with the company.

Taiwan's Foxconn, the world's top contract electronics assembler, and contract chipmaker TSMC rose 3% and 4% respectively.

Neither the White House nor Huawei immediately responded to requests for comment.

"Businesses don't like uncertainty, and this prolongs the uncertainty", said deLisle.

However, it wasn't clear what products Huawei would be allowed to buy, with some industry watchers arguing Google may remain excluded from dealing with Huawei. He also said Beijing agreed to buy an unspecified amount of USA agricultural products. Already, Huawei is expecting to lose around $30 billion in revenue due to the American pressure campaign.

India's Shankar out of #CricketWorldCup with fractured toe
It was deemed to be an external injury and he eventually returned to open the batting and was dismissed for a nine-ball duck. Karnataka batsman Mayank Agarwal is likely to be roped in as a replacement in the 15-man Indian squad, said ANI.


"We acknowledge the USA president's comments relating to Huawei and have no further comments at this time", a Huawei spokesman told Reuters on Monday.

In May, Trump blacklisted Huawei, barring U.S. companies from selling it badly needed components.

Memory-chip maker Micron said last week it had resumed some shipments to Huawei, and chip maker Intel took similar action, according to the New York Times.

It remained unclear, however, what the deal would mean for Huawei, which under U.S. restrictions could be denied key software including much of the Google Android system and important hardware to allow it to keep making smartphones and other equipment. Lindsey Graham, R-S.C., told CBS that Trump's agreement was "clearly a concession", and also said it would be a mistake if sales to Huawei involved "major technology".

He said the USA relationship with China "continues to be a very good one".

In May, Huawei, the world's largest telecom gear manufacturer, was added to the U.S. Commerce Department's "entity list" on national security grounds.

The company has denied its products pose a security threat.

President Donald Trump's decision to allow US companies to continue selling to Huawei followed an extensive lobbying campaign by the USA semiconductor industry that argued the ban could hurt America's economic and national security. Articles appear on euronews.com for a limited time.

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