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 American 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.
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 said, following the first sign of progress since the last round of talks broke down in May.