G20 Summit 2019: Trump Will Lift Some Restrictions On Huawei

US and China will continue to negotiate further to resolve the trade war

 

Things may be looking up for Huawei as tensions of the infamous US-China trade war has slightly loosen up after talks between both country leaders were held during the 2019 G20 Summit in Osaka.

President Donald Trump mentioned that US companies will continue to sell Huawei products, and will remove some restrictions on the Chinese company buying technology from the US but only for hardware that didn’t have a “great national emergency problem”. If lifted, this could help Huawei to restore some of its partnerships with US companies for consumer technology such as smartphones and PCs.

“These are American companies producing the products. This is complex ... highly scientific. We are the only one with the technology. I have agreed to allow them to continue selling the products … I like our companies selling things to others ... very complex things. These are not things easy to make ... our companies were very upset, but we are allowing them. So if it is not national security issue, we are allowing them to sell”, stated Trump during the summit.

 

 

Trump stated that further deliberations on a possible trade agreement with Huawei will be conducted on 2 July 2019. A possible chance for the Chinese company to be removed from the US’ Commerce Department’s Entities List is being considered.

The 2019 G20 Summit also saw an agreement from the US president to hold off additional tariffs on Chinese goods in return for China buying large quantities of American farm products. This could potentially ease the pressure on tech companies who have considered to shift their productions outside of China, and also avoid a huge spike in prices for certain products. The trade war between the two countries is still far from over and negotiations will still be ongoing until a resolution is agreed upon.