US President Cancels Huawei Sanctions

US President Donald Trump and Chinese President Xi Jinping in anticipation of a bilateral meeting   As a result of recent talks between the presidents of China and the United States at the current G-20 summit in Japan, the sanctions against Huawei were lifted.   In May of this year, Donald Trump announced a ban on the sale of high-tech components and software from the United States to the Chinese corporation Huawei. As a result of recent talks between the presidents of China and the United States at the current G-20 summit in Japan, the sanctions against Huawei were lifted. “A lot of companies work in Silicon Valley, we decided to let them sell for Huawei,” says Donald Trump, adding that this issue can be considered resolved before the end of trade negotiations.   The reason for the lifting of sanctions from Huawei, obviously, was the successful negotiations between representatives of the countries regarding the planned US increase in duties on imported goods from China. Earlier, Donald Trump expressed dissatisfaction with the trade imbalance between the two countries. As a result of the negotiations held, he stated: “Now we don’t plan to increase tariffs for China in the near future. We are looking forward to working with China. They seem to be open for communication and ready to start spending money. ”   Huawei is one of the largest global manufacturers of smartphones. Following the now canceled sanctions, such giants as Google, Microsoft, Intel, Qaulcomm announced the break of relations with the corporation. Despite the fact that even after that, Huawei has demonstrated firmness of spirit, ‘now’ the Chinese company and users of its products can breathe more easily.   Source: asia.nikkei.com