World leaders are currently gathered for the G20 summit in Osaka, Japan where heads of state ostensibly look for solutions to some of the major issues facing the international community. But on the sidelines, discussions happen that focus more on bilateral problems. In the case of the US and China, the two countries are attempting to navigate the ongoing trade war they are engaged in.
President Trump said that the US would not be lifting existing tariffs or adding any new ones for the time being, but interestingly he added that American companies would once again be able to do business with embattled tech giant Huawei, effectively overturning a ban put in place last month by the Department of Commerce.
During a press conference, President Trump said that “US companies can sell their equipment to Huawei. I’m talking about equipment where there’s no great national emergency problem with it.” He continued, “We have a lot of great companies in Silicon Valley and based in different parts of the country, that make extremely complex equipment – we’re letting them sell to Huawei.”
