Mnuchin: Trump could ease restrictions on Huawei

NEW YORK, USA - Sep 21, 2017: Meeting of the President of the United States Donald Trump with the President of Ukraine Petro Poroshenko in New York - Görsel
Mnuchin: Trump could ease restrictions on Huawei

The United States could ease off its restrictions on Chinese telecom Huawei if Washington and Beijing make progress in the trade war, says U.S. Treasury secretary Steven Mnuchin, according to a story by Reuters. “I think what the president is saying is, if we move forward on trade, that perhaps he’ll be willing to do certain things on Huawei if he gets comfort from China on that and certain guarantees,” he said. “But these are national security issues.” Mnuchin said if China wants to move forward with the deal, “we’re prepared to move forward on the terms we’ve done”. “If China doesn’t want to move forward, then President Trump is perfectly happy to move forward with tariffs to rebalance the relationship,” Mnuchin said. The two leaders are expected to meet at G20 summit to be held in Japan late June. Trade tensions between Washington and Beijing escalated sharply after the Trump administration put additional tariffs of up to 25% on $200 billion of Chinese goods, prompting Beijing to retaliate. Trump had also signed an executive order, banning U.S. companies from selling kit to Huawei. Following Trump decision, Google also announced that Huawei lost its access to updates to Android operating system.