| | | yup he caved in AGAIN!!! What a great negotiator lol!! China agrees to buy farm products? lol!!! they were doing that before all this LMFAO!!!
Trump Allows U.S. Sales to Huawei as Trade Talks Resume
U.S. agrees to halt additional tariffs on Chinese goods for now
By
Bob Davis,
William Mauldin and
Lingling Wei
Updated June 29, 2019 11:37 am ET
OSAKA, Japan—President Trump and Chinese President Xi Jinping agreed to a cease-fire on trade that will remove some curbs on Huawei Technologies Co. buying high-tech equipment from the U.S., for the moment lifting one cloud over the global economy.
Under the cease-fire, the U.S. agreed to put off additional tariffs on Chinese goods indefinitely. In response, China will start buying large amounts of American farm products, Mr. Trump said.
Until the two leaders sat down for an 80-minute lunch meeting Saturday on the sidelines of a Group of 20 meeting, the U.S. was poised to hit China with tariffs on the roughly $300 billion in goods that aren’t currently covered by 25% tariffs. Afterward, Mr. Trump said the sides were ready to start talking again.
“We’re going to work with China on where we left off to see if we can make a deal,” he said at a news conference. “I’m not rushed,” he said, calling the talks “intricate.”
Mr. Trump said he was leaving the Huawei issue until the end of negotiations, but for now, the Chinese telecommunications giant looks to gain a significant reprieve. The president said American firms could ship goods to Huawei, which parts of the U.S. government have called a national-security risk. |
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