As reported by Reuters, White House trade adviser Peter Navarro said in an interview with CNBC a trade deal with China will “take time and we want to get it right”.
President Trump and Chinese leader Xi Jinping agreed at the G20 Summit to restart trade talks after the 11th round of trade talks ended this past May. As a gesture of good will, Trump did ease the restriction on US suppliers to supply Huawei with some components. However, Huawei is still on the BIS entity list and the US policy on Huawei’s 5G equipment has not changed.
Peter Navarro also tried to temper down bipartisan opposition to the easing of restrictions on Huawei by noting the ease in restrictions is limited to sales of chips and lower-tech items that do not impact national security.
If you have any questions about Huawei’s inclusion on the entity list and how that will impact your business, contact trade and customs attorney David Hsu at 832-896-6288 or by email at firstname.lastname@example.org, email@example.com.