Trump’s decision on Huawei is not a general amnesty

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White House economic adviser: Trump's decision on Huawei is not a general amnesty
White House economic adviser: Trump's decision on Huawei is not a general amnesty

US President Donald Trump’s decision to allow Chinese telecom giant Huawei to buy US products is not a “general amnesty,” White House economic adviser Larry Kudlow said on Sunday.

The decision came as a part of a truce with Chinese President Xi Jinping during the G20 summit in Osaka, Japan, to ease the trade war between the two countries.

Kudlow added that the US administration did not lift Huawei from the blacklist, which largely turned the company into buying US goods. Instead, the US Department of Commerce will grant more licenses to US companies to sell their products to Huawei, Those sales do not pose a threat to US national security.

He stressed that Trump’s decision is not a “general amnesty” for Huawei, but that the Chinese company will remain on the list of so-called “list of entities” where there are serious controls on export and research contrary to the interests of national security or consider proposals not to issue any licenses.

US President Donald Trump said he had made a decision to allow Huawei to buy US products at the request of US high-tech companies. Pointing out that his administration will meet to discuss this plan fully.

Read also: Trump and Xi agree on new trade talks

Major US technology companies such as Intel, Qualcomm and Broadcom have welcomed the decision but have expressed interest in learning more about the Trump plan on Huawei.

In May, Washington put Huawei into a company list of entities prohibited from receiving components made in US without government permission. Trump’s clear statement did not show any change from existing practice.

But it can be read by the financial market as a positive indicator that its administration may be open to negotiating Huawei as bilateral trade negotiations are connected.

Read also: Trump began to soften Huawei’s issue