Trump says ‘dangerous’ Huawei could be included in US-China trade deal

Share

The Trump administration is seeking to choke off Beijing's access to key technologies by limiting the sale of vital USA components to the Chinese telecommunications equipment maker over security concerns.

A year ago also, we saw both the United States and China impose tariffs on each other's goods even as talks were underway. The move prompted Beijing to retaliate with its own levies on USA imports, as talks to end a 10-month trade war between the world's two largest economies stalled.

China retaliated by announcing plans to raise levies on $60 billion (Sh6 trillion) of USA imports from June 1.

US President Donald Trump increased tariffs on $200bn (£157.3bn) worth of Chinese imports into the US from 10% to 25% earlier this month, after Washington and Beijing failed to reach a deal on trade. "This trade aid will help fix some of the damage inflicted upon US pork producers", he said.

"To say that they don't work with the Chinese government is a false statement". As a result, USA allies and their companies increasingly have put cooperation with the company on hold.

But Mr Trump has said it is "possible" that the company could be part of any trade agreement with Beijing.

However, US firms said in a survey released on Wednesday they were facing retaliation in China over the trade war.

Major Japanese and British mobile carriers said this week they would delay releasing new Huawei handsets as a result of the U.S. sanctions. "Just give us a level playing field", the president said the farmers told him.

More news: Billionaire Robert F. Smith Pays Student Loans of Morehouse College Graduates
More news: First Terminator: Dark Fate Trailer: Sarah Connor Is Back With A Vengeance
More news: Chinese ambassador says Beijing ready for further trade talks

A top business lobby group representing American firms in China said they have "real concerns" over how Beijing may respond to United States action taken against Huawei.

The latest round of 25% tariffs on $200 billion in certain Chinese imports will cost USA households $106 billion a year, or $831 for the average family, New York Fed researchers found.

Mr Trump increased levies on $200 billion (Sh20 trillion) worth of Chinese imports into the USA from 10 percent to 25 percent more than a week ago after Washington and Beijing failed to reach a deal on trade.

WASHINGTON-The Trump administration has stepped up efforts to protect American farmers who face a large negative impact from the U.S.

The US-China trade talks, which seemed headed in the right direction until last month, have come to a standstill.

Trump and Chinese President Xi Jinping are expected to discuss the standoff at a meeting of the Group of 20 major economies in Osaka, Japan, next month. Do they pay most of it?

Earlier this month the USA increased tariffs on $200bn worth of Chinese imports from 10% to 25% after the two sides failed to reach a deal on trade.

"China is going to pay for these this 16 billion dollars through tariffs coming in a transfer coming in, and we are doing again through the (Civilian Conservation Corps) program which was authorized as we used previous year", Perdue said on Fox Business on Thursday morning. It could also target Apple and other companies that rely on Chinese manufacturing and sales.

Share