Trump scales back restrictions on Huawei as China trade talks get 'back on track'


President Trump on Saturday said that trade negotiations with China are "back on track" after he met with Chinese President Xi Jinping for 80 minutes in Osaka, Japan, during the G-20 summit.
Both sides said trade talks would resume, The Wall Street Journal reports. "We'll see what happens," Trumps said. "We had a really good meeting."
Trump agreed to delay new tariffs on $300 billion worth of Chinese goods and to scale back restrictions on Chinese tech giant Huawei, allowing U.S. firms to sell high-tech equipment to the company. In exchange, Trump said Beijing has agreed to buy large amounts of U.S. farm products.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
As for Huawei, Trump said his administration would hold meetings to discuss the company, which is on the so-called entity list, meaning U.S. companies cannot provide it with U.S.-origin technology without government approval. But Trump said his discussions with Xi revolved around equipment that doesn't involve "a great national-emergency problem."
Trump added that he is not "rushed" to find a solution to the "intricate" negotiations.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
Groypers: the alt-right group pulled into the foreground
The Explainer The network is led by alt-right activist Nick Fuentes
-
10 concert tours to see this upcoming fall
The Week Recommends Concert tour season isn't over. Check out these headliners.
-
How to put student loan payments on pause
The Explainer If you are starting to worry about missing payments, deferment and forbearance can help
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year