The United States and China are moving closer to their first face-to-face trade negotiations in months, with a meeting between top tech executives and President Trump on Monday marking another step toward easing a ban on sales to China’s Huawei.
The United States and China are moving closer to their first face-to-face trade negotiations in months, with a meeting between top tech executives and President Trump on Monday marking another step toward easing a ban on sales to China’s Huawei Technologies Co.
The meeting between government officials and U.S. technology leaders may assuage Chinese concern that one of its largest technology companies is under existential threat from a blacklisting. But lawmakers and others in the administration who oppose any relief for Huawei could stymie any tentative progress in resolving a trade dispute between the world’s two largest economies.
Xiaomeng Lu, international policy manager and head of the China practice at Access Partnership, called the meeting an opportunity for U.S. companies to demonstrate how resuming sales to Huawei’s consumer business could help American corporations innovate better and outperform the Chinese telecom giant in the long run.Trump will very likely face backlash from Congress if he chooses to allow shipments to Huawei, especially after the Washington Post reported Monday that the companyMany U.S.
Many of the components they supply to Huawei can be easily obtained from companies elsewhere, and jeopardizing their access to their biggest market risks cutting them off from revenue that’s vital to investing in their ability to maintain the U.S.’s lead in semiconductors, they have argued.
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