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Proving that Huawei sanctions had more to do with trade than security, in the wake of the G20 meeting at Osaka, Donald Trump has announced that he was suspending the trade ban against Huawei for non-security equipment.
“U.S. companies can sell their equipment to Huawei,” Trump said. “We’re talking about equipment where there’s no great national security problem with it.”
Trump explained the situation was “complicated” but that “I like it when our companies sell things to other people, so I allowed that to happen.”
Huawei appeared to confirm the implication of the decision from their official twitter account.
— Huawei Facts (@HuaweiFacts) June 29, 2019
The decision is the result of discussions with Chinese President Xi Jinping and also includes that US would stop pressuring allies into not purchasing Huawei 5G equipment.
It appears the whole trade war between China and USA is close to a resolution, with China’s state-run news agency Xinhua saying that the US had agreed not to introduce new punitive tariffs and other charges on Chinese products.
In response, it is believed that China has agreed to buy a “tremendous” amount of US agricultural products. “We’re going to give them a list of things we’d like them to buy,” Trump said, though Chinese media was somewhat more cagey regarding this aspect.