President Trump Allows US Sales to Huawei as Trade Talks Resume

President Donald Trump and Chinese President Xi Jinping agreed to a cease-fire on trade that will remove some curbs on Huawei buying high-tech equipment from the US, for the moment lifting one cloud over the global economy. Under the cease-fire, the US agreed to put off additional tariffs on Chinese goods indefinitely. In response, China will start buying large amounts of American farm products, President Trump said. Until the two leaders sat down for an 80-minute lunch meeting on the sidelines of a Group of 20 meeting, the US was poised to hit China with tariffs on the roughly $300 billion in goods that aren’t currently covered by 25% tariffs. Afterward, President Trump said the sides were ready to start talking again. “We’re going to work with China on where we left off to see if we can make a deal,” he said. “I’m not rushed,” he said, calling the talks “intricate.” President Trump said he was leaving the Huawei issue until the end of negotiations, but for now, the Chinese telecommunications giant looks to gain a significant reprieve. The president said American firms could ship goods to Huawei, which parts of the US government have called a national-security risk.