Trump says Huawei could be part of trade deal
- Author: Zachary Reyes May 24, 2019,
May 24, 2019, 23:06
Huawei has consistently denied its technology could be used as a backdoor for the Chinese government. But farmers are anxious about the future and whether they can win back lost sales in China, a market they've spent years breaking into.
Huawei says it can ensure a steady components supply chain without U.S. help. "I stress to everyone that China's actions are not just about preserving our own legitimate rights and interests but also to maintain the norms of global relations and safeguard the worldwide free trading system".
However, the scholar admitted that "to create a competitive alternative to Android will take some time".
Here is a new day under the existing war between Huawei and the USA government with Donald Trump in command who seems willing to continue on his usual rigid line.
Last week, the USA added Huawei to a government blacklist preventing it from conducting business with US companies without prior government approval.
"The US use of state power to arbitrarily exert pressure on a private Chinese company like Huawei is typical economic bullying", Wang said. That will not matter in China, where competition is limited, or in the U.S., where Huawei has little business. "But it will matter to Huawei internationally", Derek Scissors explained. Appearing before the House Financial Services Committee, Mnuchin said China took a "big step backwards".
Japan's Panasonic was the latest to announce it would suspend transactions with Huawei.
The U.S. has rejected such involvement as an unacceptable risk to national security, and has pushed its closest allies, including its Five Eyes intelligence partners, to follow suit.
The IMF sounded the alarm on Thursday about the escalating US-China trade war, warning it will "jeopardise" 2019 global growth, undermine confidence and raise prices for consumers.
"I appreciate the incredible bipartisan support that my administration has had on trade and trade policy, especially as it pertains to placing very massive tariffs on China". He accused China of deliberately - and politically - targeting farmers, many of whom voted for the president, through its tariffs, and said: "most of those go to agriculture because agricultural has a surplus".
Trump predicted a swift end to the trade war with China, although no high-level talks have been scheduled between the two countries since the last round of negotiations ended in Washington two weeks ago.
The trade talks "have to be based on mutual respect and aim for mutual benefit". Trade war fears also ignited a 6 percent plunge in oil prices, which was crude's worst day since December 24, 2018.
"The president feels that China is paying for this program through the tariffs", Perdue said.
"I'm still hopeful we can get back to the table". "Just give us a level playing field", the president said the farmers told him.
Indeed, the environment in Asia is marked with geopolitical clash points for Beijing and Washington, with disputes in the East and South China Seas.
Trump increased levies on US$200 billion in Chinese imports to 25 per cent from 10 per cent, prompting retaliation from Beijing. Beijing responded with similar measures taxing $60 billion worth of USA goods.
Trump, who has embraced protectionism as part of an "America First" agenda, has threatened to slap tariffs of up to 25% on an additional list of Chinese imports worth about $300 billion.
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