Skip to main content

Trump says he could lift Huawei sanctions after Xi meeting

Trump says he could lift Huawei sanctions after Xi meeting

/

The US will also resume trade talks and hold off on implementing new tariffs

Share this story

Osaka Hosts The G20 Summit - Day Two
Photo by Tomohiro Ohsumi/Getty Images

The G20 Summit wrapped up today in Japan, during which US President Donald Trump met with Chinese President Xi Jinping. Following their meeting, Trump announced that the two countries would resume trade talks and that the US would hold off on implementing new tariffs indefinitely. He also indicated that US companies would be permitted to resume sales to Huawei, although it’s unclear when or how that will happen.

In May, Trump signed an executive order that allowed the US government to block sales by US companies to foreign firms deemed a security risk. It’s not immediately clear what — or if any — steps have been taken to lift the restriction on sales to the beleaguered Chinese technology company. According to The Washington Post, Trump told reporters that he will be meeting with US officials to ease the pressure on Huawei, but also that they haven’t made a formal decision to lift them yet, while The Wall Street Journal reports that he indicated that the two countries will leave what to do with the company until the end of the negotiations.

White House officials clarified the President’s remarks on Sunday. Speaking to Fox News Sunday, National Economic Council chairman Larry Kudlow said that the Commerce department will “grant some additional licenses where there is a general availability” of needed parts, and that “the national security concerns will remain paramount.”

Huawei is caught in the midst of the larger US-China trade war. While both countries have levied tariffs against one another, US security officials have warned about the possibility that the telecommunications company maintains ties to the Chinese government, and could represents a security threat to the US. Trump’s executive order prompted immediate headaches for Huawei: Google pulled the company’s Android license, chipmakers stopped supplying parts, Microsoft stopped selling Huawei laptops, and the company wouldn’t be allowed to use microSD cards in its devices.

China reportedly planned to make a reprieve of Huawei a condition of returning to the bargaining table. Last month, Trump indicated (which US Treasury secretary Steven Mnuchin affirmed in June) that the US could lift restrictions against the company, provided that the US sees some forward movement on the trade talks, essentially demonstrating that the order has less to do with national security and more to do as a negotiation tactic. The countries will reportedly resume talks soon, and presumably, how the US handles Huawei will be a central part of that discussion.

Updated June 30th, 2019, 3:50PM ET: Updated to include remarks from National Economic Council chairman Larry Kudlow.

Today’s Storystream

Feed refreshed Sep 25 Not just you

E
Twitter
Emma RothSep 25
Rihanna’s headlining the Super Bowl Halftime Show.

Apple Music’s set to sponsor the Halftime Show next February, and it’s starting out strong with a performance from Rihanna. I honestly can’t remember which company sponsored the Halftime Show before Pepsi, so it’ll be nice to see how Apple handles the show for Super Bowl LVII.


E
Twitter
Emma RothSep 25
Starlink is growing.

The Elon Musk-owned satellite internet service, which covers all seven continents including Antarctica, has now made over 1 million user terminals. Musk has big plans for the service, which he hopes to expand to cruise ships, planes, and even school buses.

Musk recently said he’ll sidestep sanctions to activate the service in Iran, where the government put restrictions on communications due to mass protests. He followed through on his promise to bring Starlink to Ukraine at the start of Russia’s invasion, so we’ll have to wait and see if he manages to bring the service to Iran as well.


E
External Link
Emma RothSep 25
We might not get another Apple event this year.

While Apple was initially expected to hold an event to launch its rumored M2-equipped Macs and iPads in October, Bloomberg’s Mark Gurman predicts Apple will announce its new devices in a series of press releases, website updates, and media briefings instead.

I know that it probably takes a lot of work to put these polished events together, but if Apple does pass on it this year, I will kind of miss vibing to the livestream’s music and seeing all the new products get presented.


E
External Link
Emma RothSep 24
California Governor Gavin Newsom vetoes the state’s “BitLicense” law.

The bill, called the Digital Financial Assets Law, would establish a regulatory framework for companies that transact with cryptocurrency in the state, similar to New York’s BitLicense system. In a statement, Newsom says it’s “premature to lock a licensing structure” and that implementing such a program is a “costly undertaking:”

A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm.


Welcome to the new Verge

Revolutionizing the media with blog posts

Nilay PatelSep 13
A
Youtube
Andrew WebsterSep 24
Look at this Thing.

At its Tudum event today, Netflix showed off a new clip from the Tim Burton series Wednesday, which focused on a very important character: the sentient hand known as Thing. The full series starts streaming on November 23rd.


A
The Verge
Andrew WebsterSep 24
Get ready for some Netflix news.

At 1PM ET today Netflix is streaming its second annual Tudum event, where you can expect to hear news about and see trailers from its biggest franchises, including The Witcher and Bridgerton. I’ll be covering the event live alongside my colleague Charles Pulliam-Moore, and you can also watch along at the link below. There will be lots of expected names during the stream, but I have my fingers crossed for a new season of Hemlock Grove.


T
Twitter
Tom WarrenSep 23
Has the Windows 11 2022 Update made your gaming PC stutter?

Nvidia GPU owners have been complaining of stuttering and poor frame rates with the latest Windows 11 update, but thankfully there’s a fix. Nvidia has identified an issue with its GeForce Experience overlay and the Windows 11 2022 Update (22H2). A fix is available in beta from Nvidia’s website.