President weighs in on Chinese tech giant, one week after Washington banned U.S. sales to Huawei, calling firm a security threat
By Jeanne Whalen and Jeanne Whalen Reporter covering business around the world Email Bio Follow David J. Lynch David J. Lynch Financial writer covering trade and globalization Email Bio Follow May 23 at 6:34 PM President Trump raised the possibility that a U.S. dispute with Chinese telecom giant Huawei could be resolved as part of a trade deal, days after his administration cut off U.S. technology sales to the company, calling it a national security threat.
Asked how that might work, Trump added: “It’s too early to say, but I mean, we’re just very concerned about Huawei from a security standpoint.” Trump’s comments echoed the president’s handling of a similar case in 2018 involving another Chinese company, ZTE, which had violated U.S. sanctions by shipping telecommunications equipment to Iran and North Korea.
But after a personal plea from Chinese President Xi Jinping, Trump abruptly reversed course one month later saying that “too many jobs in China” otherwise would be lost.
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