fredag 5. juli 2019

All eyes on Huawei ban as US and China try to break trade war deadlock

American negotiators will visit Beijing next week to revive stalled trade talks, but a lot will ride on how the US government handles the supply ban on Chinese telecom giant Huawei Technologies, sources have told the South China Morning Post. China and the United States agreed to return to the negotiating table to end their costly trade war after their leaders reached a tentative truce on the sidelines of the Group of 20 summit in Osaka last week.

US President Donald Trump announced after his meeting with Chinese President Xi Jinping that he would put on hold new threatened tariffs on US$300 billion of Chinese goods and allow American suppliers to resume selling parts to Huawei. In exchange, China would buy a “tremendous” amount of agricultural products from the US, he said. Both sides would take time to work out a final agreement to end their trade dispute.