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