US rolls back some restrictions on Huawei, trade talks resume

Above: President Donald J. Trump (left), Japanese Prime Minister Shinzo Abe, and China’s President Xi Jinping, right, at the G20 Leaders Special Event on the Digital Economy at the G20 Japan Summit, June 28, 2019, in Osaka. Official White House Photo by Shealah Craighead.

The US and China agreed on June 30, 2019 to restart talks on trade.

According to Reuters, the discussions will include a rollback on some restrictions imposed on Huawei and China in turn will buy US farm products. There will be no new trade tariffs imposed while the talks resume.

US chip and component makers who lost a significant market for their products applauded the move, which will allow the resumption of some product sales to Huawei.

“We’re talking about equipment where there’s no great national security problem with it,” President Donald Trump said of the decision.