As trade talks continue between the US and China, US President Donald Trump was asked about his position on the current matters regarding Huawei, and said that he will allow U.S. companies to continue selling products to the tech giant.
“We discussed a lot of things. We discussed Huawei. One thing I will allow is that a lot of people are surprised that we sell to Huawei a tremendous amount of products that go to various products they make.”
“And I said that is OK. We are going to continue selling those products.”
“These are American companies producing the products. This is complex … highly scientific. We are the only one with the technology. I have agreed to allow them to continue selling the products.”
As to whether Huawei will be removed from the “entity list,” Trump said that there will be another meeting for it, and while US companies are making a lot from the sales of their products to Huawei, his primary concern is still national security.
He even mentioned about how and why he took ZTE off the list, thanks to a personal favor he granted to Chinese President Xi Jinping.
“I took ZTE off, if you remember. That was a personal deal. President Xi called me and asked me for a personal favor, which I considered very important. His is a leader of a major country… And there are 85,000 employees who were out of business. And he agreed to pay US$1.2 billion penalties and other things including management changes.”
Huawei has been granted a three month pass for doing business with US companies, which is nearing its expiration. As such, this can be considered as a good sign for the company.