OAN Newsroom
UPDATED 9:08 AM PT – Sat. July 20, 2019
The White House appears open to re-evaluating its stance on Huawei, in order to revive trade talks with China.
People walk past a Huawei retail store in Beijing, Sunday, June 30, 2019. Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world’s two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial markets on edge and cast a cloud over the global economy. (AP Photo/Andy Wong)
White House Economic Adviser Larry Kudlow and Treasury Secretary Steven Mnuchin will host a meeting about the issue on Monday. Tech executives from companies like Intel and Qualcomm are expected to attend.
In May, President Trump placed Huawei, the world’s largest telecommunications manufacturer, on a blacklist, citing national security concerns. However, the administration has since walked back on parts of that announcement.
In the coming weeks, the U.S. will begin allowing American companies on a case-by-case basis to buy from Huawei.
