Kudlow: No 'amnesty' for Huawei
White House economic adviser Larry Kudlow on Sunday tamped down expectations of a quick resolution of the U.S.-China trade dispute, adding that President Trump's decision to let Chinese telecom giant Huawei buy some additional U.S. products is "not a general amnesty." Trump announced Saturday that U.S. suppliers will be allowed to sell components to Chinese telecom giant Huawei following talks with Chinese President Xi Jinping. In an interview on "Fox News Sunday," Kudlow said Trump's move does not mean the administration no longer regards Huawei as a surveillance agency of the Chinese Communist Party. Still, U.S. stock futures jumped ahead of Monday's open as investors reacted to the progress between the U.S. and China at the G20 Summit.
White House economic adviser Larry Kudlow on Sunday tamped down expectations of a quick resolution of the U.S.-China trade dispute, adding that President Trump's decision to let Chinese telecom giant Huawei buy some additional U.S. products is "not a general amnesty." Trump announced Saturday that U.S. suppliers will be allowed to sell components to Chinese telecom giant Huawei following talks with Chinese President Xi Jinping. In an interview on "Fox News Sunday," Kudlow said Trump's move does not mean the administration no longer regards Huawei as a surveillance agency of the Chinese Communist Party. Still, U.S. stock futures jumped ahead of Monday's open as investors reacted to the progress between the U.S. and China at the G20 Summit.
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