US President Trump has said American companies will be able to sell products to Huawei. Speaking at a press conference at the G20 summit in Japan, where he met with the Chinese premier Xi Jinping, Trump said he made the decision to allow Huawei to buy US products at the request of American tech companies. The president said his administration will meet to more fully discuss the plan.
The decision appears to be part of a truce with China in the escalating trade war. The two countries agreed at the summit to suspend any further trade tariffs while they resume talks on a more long-term agreement.
White House economic advisor Larry Kudlow the US government has not removed Huawei from the so-called Entity list that largely blocks the company from buying American products. Instead, the Commerce Department will simply grant more licenses to allow US companies to sell products to Huawei so long as those sales pose no threat to national security, Kudlow said in an interview with Fox News.
"This is not a general amnesty, if you will," Kudlow said. "Huawei will remain on the so-called entity list where there are serious export controls and in national security inferences or suggestions there won’t be any licenses."
