Sunday, 30 June 2019

President Trump has allowed China’s Huawei to continue business with US tech giants - with strings attached

Trump ‘allows’ Huawei to buy some ‘non-national security’ tech… if China buys more US farm produce

Trump ‘allows’ Huawei to buy some ‘non-national security’ tech… if China buys more US farm produce

RT,
29 June, 2019

President Trump has allowed China’s Huawei to continue business with US tech giants – limited and with strings attached – following his “better than expected” talks with Chinese counterpart Xi Jinping.

China has agreed to purchase large amounts of agricultural product from our great Farmers” in return for his concessions on Huawei, the US president said, admitting that US big tech was lobbying for the lifting of the ban.
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.


I had a great meeting with President Xi of China yesterday, far better than expected. I agreed not to increase the already existing Tariffs that we charge China while we continue to negotiate. China has agreed that, during the negotiation, they will begin purchasing large.....
....amounts of agricultural product from our great Farmers. 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. Importantly, we have opened up negotiations...

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Following the much-anticipated Xi-Trump meeting which focused on resolving the ongoing trade conflict between the world’s largest economies and tensions around Huawei, Trump noted that he “agreed not to increase the already existing Tariffs that we charge China while we continue to negotiate.”






....again with China as our relationship with them continues to be a very good one. The quality of the transaction is far more important to me than speed. I am in no hurry, but things look very good! There will be no reduction in the Tariffs currently being charged to China.

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Following the much-anticipated Xi-Trump meeting which focused on resolving the ongoing trade conflict between the world’s largest economies and tensions around Huawei, Trump noted that he agreed not to increase the already existing Tariffs that we charge China while we continue to negotiate.”


We have opened up negotiations,” Trump boasted about the first progress since the last round of talks broke down in May.
Tariffs are a ‘tax’ on American consumers: Ron Paul issues biting rebuke of Trump’s trade wars
Throughout the course of the negotiations, the US has been pressing China to buy more American products, in particular agricultural goods, to reduce the ‘unfair’ trade imbalance. Beijing, for its part, has been calling Trump’s protectionist policies, and tariffs he imposed on $250 billion worth of Chinese goods, as detrimental to both sides and global trade stability – but vowed a mirror response to any sanctio



While the Chinese giant has been allowed to continue buying American components, Trump said nothing about letting Huawei sell its products to US, as the company remains blacklisted under the pretext of ‘national security’ threat. Huawei has repeatedly denounced the pressure and accusations of spying as a desperate attempt by Washington to preserve its fleeting dominance over global telecommunications lines.


https://www.zerohedge.com/news/2019-06-29/ceasefire-us-china-trade-talks-back-track-after-trump-concedes-huawei?fbclid=IwAR13tgGTvuzYeKJhGHTLrKY7ai3O2w6Z0CWjWCkeS-1kNiP7pJScOo1dfQk

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