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Donald Trump confirms that US businesses may continue selling to Huawei. There were millions of losses to Huawei. Sales, loss of trust, words questioned, credibility declined. However, After almost a month and a half, Trump has now decided to end the trade ban on Huawei’s entry into the U.S. business blacklist. Trump has asked US companies continue selling to Huawei. A stormy meeting was anticipated, at the present G20 summit. To reinforce business connections, Xi approached Trump. And the gesture seems to have affected both nations as they decide to do good to bury the hatchet. This is what Trump said. Here’s what. “These are American companies producing 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 a national security issue, we are allowing them to sell.” Despite all this, we still have to wait at least some weeks before action is taken to keep US firms business with Huawei. As Trump has also stated, further trade agreement debates will take place a little later. Many analysts from politics and finance pointed out that Trump’s reluctance to allow Huawei to function was not so much for spying but the trading deficit of both nations. After a satisfactory commercial deal is achieved for both sides, no tariffs appear to be in place and the US would, moreover, lift the ban on Huawei, so businesses like Google, IBM and Microsoft can carve on with the Chinese giant. (Visited 34 times, 1 visits today)
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