Close
Date TimeJune 30, 2019
Voice

Kudlow Says Huawei Reversal by Trump Isn’t ‘General Amnesty’
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump isn’t offering “general amnesty” to Huawei Technologies as part of an agreement to restart trade talks with China, said Larry Kudlow, the White House National Economic Council director.The decision made by Trump and Chinese President Xi Jinping to get back to the negotiating table is “a very big deal,” Kudlow said on “Fox News Sunday,” the first of two TV appearances for the day. Still, he said there are no firm promises and no timetable for completion of a potential sweeping trade agreement, and that China still needs to address the issues that the U.S. has said caused the discussions to fall apart in early May.“That’s a very important point of these talks. However long that may take, it is impossible to predict,” Kudlow said.Kudlow repeated an assessment made days before the talks broke down, that the U.S. and China are 90% done on a trade deal. The final 10% will be the hardest, he said.Read More: Huawei Lifeline Shows Trump Prefers Business Deals Over Cold WarThe world’s two largest economies are resuming trade talks and holding off on new tariffs after Trump and Xi met Saturday on the sidelines of the Group of 20 Summit in Osaka, Japan. Trump said he’s easing restrictions on China’s Huawei, a concession that’s rankled U.S. lawmakers, including some Republicans.Senate Minority Leader Chuck Schumer on Saturday criticized Trump’s negotiation tactics, saying curtailing restrictions on Huawei diminishes the U.S.’s leverage to get China to agree to a trade deal that is favorable to American companies.“Huawei is one of few potent levers we have to make China play fair on trade,” Schumer said in an emailed statement. “If President Trump backs off, as it appears he is doing, it will dramatically undercut our ability to change China’s unfair trades practices.”The decision lets U.S. companies sell to China’s most prominent technology company, easing restrictions the Commerce Department imposed in May. Trump is also delaying new tariffs to an additional $300 billion worth of imports from China.Kudlow says he expects the U.S. Commerce Department under Secretary Wilbur Ross to “grant some temporary licenses” on sales to Huawei, especially on items that are widely available from other countries and that don’t raise national security concerns.“This is not a general amnesty,” he said. The president shares the concerns of lawmakers about national security and plans to meet with “senators and others” to discuss the issue, Kudlow added. “Huawei will remain on the so-called entity list where there are serious export controls,” he said.On Saturday, Senator Marco Rubio, Republican of Florida, termed Trump’s move “a catastrophic mistake” and predicted that Congress would reinstate restrictions on Huawei through legislation that could attract a veto-proof majority.In a separate interview on CBS’ “Face the Nation,” Kudlow said the U.S. planned to fully address “much larger issues concerning the long term future with Huawei” at the end of the trade talks with China, whenever that is. (Adds additional Kudlow comment in the last paragraph.)To contact the reporters on this story: Laura Davison in Washington at ldavison4@bloomberg.net;Ryan Beene in Washington at rbeene@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Steve Geimann, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.




Related Stories
Trump gives thumbs up in photo with El Paso orphanTrump gives thumbs up in photo with El Paso orphan
Donald Trump trips up on history in 4th of July speech, mentions airports during Revolutionary WarDonald Trump trips up on history in 4th of July speech, mentions airports during Revolutionary War
Fashion Notes: Melania Trump Defies the July 4th Rain in Rainbow StyleFashion Notes: Melania Trump Defies the July 4th Rain in Rainbow Style
Trump rally crowd chants send her back after president attacks Ilhan OmarTrump rally crowd chants 'send her back' after president attacks Ilhan Omar
Trump says malfunctioning teleprompter to blame for ‘airport’ gaffe in July 4th speechTrump says malfunctioning teleprompter to blame for ‘airport’ gaffe in July 4th speech
President Trump Is the Latest Critic of Facebooks LibraPresident Trump Is the Latest Critic of Facebook's Libra
Robert Mueller tells Congress his report did not exonerate TrumpRobert Mueller tells Congress his report did not exonerate Trump
Tensions Between Bernie Sanders and MSNBC Boil OverTensions Between Bernie Sanders and MSNBC Boil Over
The Squad revives feud with Pelosi: Be aware when you single us out that were women of color'The Squad' revives feud with Pelosi: Be aware when you 'single us out' that we're 'women of color'
Trump says US will no longer deal with British ambassador after leaked anti-Trump cablesTrump says US will 'no longer deal' with British ambassador after leaked anti-Trump cables
Latest News
The Latest: NYC subway scare suspect chargedThe Latest: NYC subway scare suspect charged
Sanders criminal justice plan aims to cut prison populationSanders' criminal justice plan aims to cut prison population
Sen. Markey faces 2 challengers; now some pushing for a 3rdSen. Markey faces 2 challengers; now some pushing for a 3rd
Cathay Remains Under Scrutiny After CEO Takes Fall for ProtestsCathay Remains Under Scrutiny After CEO Takes Fall for Protests
Bullock tries to find middle ground on gunsBullock tries to find middle ground on guns
TV presenter punched live on air during protestTV presenter punched live on air during protest
Dick Cheney to appear at Trump 2020 fundraiser as Republican establishment bows to presidentDick Cheney to appear at Trump 2020 fundraiser as Republican establishment bows to president
The Gay Metropolis review: if we can survive Aids, we can survive TrumpThe Gay Metropolis review: if we can survive Aids, we can survive Trump
Iranian tanker at center of standoff with West leaves Gibraltar, shipping data showsIranian tanker at center of standoff with West leaves Gibraltar, shipping data shows
Turkish lawyers threaten boycott of Erdogans courts ceremonyTurkish lawyers threaten boycott of Erdogan's courts ceremony
Leaders
Donald-TrumpDonald Trump
45th President of the United States of America
Mike-PenceMike Pence
Vice President of the United States
Theresa-MayTheresa May
British Prime Minister
Angela-MerkelAngela Merkel
Chancellor of Germany
Emmanuel-MacronEmmanuel Macron
President of France
Justin-TrudeauJustin Trudeau
Prime Minister of Canada
Nancy-PelosiNancy Pelosi
Speaker of the United States House of Representatives
Barack-ObamaBarack Obama
44th U.S. President
Vladimir-PutinVladimir Putin
Russian President
Shinzo-AbeShinzō Abe
Prime Minister of Japan
Related Stories
Trump gives thumbs up in photo with El Paso orphanTrump gives thumbs up in photo with El Paso orphan
Donald Trump trips up on history in 4th of July speech, mentions airports during Revolutionary WarDonald Trump trips up on history in 4th of July speech, mentions airports during Revolutionary War
Fashion Notes: Melania Trump Defies the July 4th Rain in Rainbow StyleFashion Notes: Melania Trump Defies the July 4th Rain in Rainbow Style
Trump rally crowd chants send her back after president attacks Ilhan OmarTrump rally crowd chants 'send her back' after president attacks Ilhan Omar
Trump says malfunctioning teleprompter to blame for ‘airport’ gaffe in July 4th speechTrump says malfunctioning teleprompter to blame for ‘airport’ gaffe in July 4th speech
President Trump Is the Latest Critic of Facebooks LibraPresident Trump Is the Latest Critic of Facebook's Libra
Robert Mueller tells Congress his report did not exonerate TrumpRobert Mueller tells Congress his report did not exonerate Trump
Tensions Between Bernie Sanders and MSNBC Boil OverTensions Between Bernie Sanders and MSNBC Boil Over
The Squad revives feud with Pelosi: Be aware when you single us out that were women of color'The Squad' revives feud with Pelosi: Be aware when you 'single us out' that we're 'women of color'
Trump says US will no longer deal with British ambassador after leaked anti-Trump cablesTrump says US will 'no longer deal' with British ambassador after leaked anti-Trump cables
Latest News
The Latest: NYC subway scare suspect chargedThe Latest: NYC subway scare suspect charged
Sanders criminal justice plan aims to cut prison populationSanders' criminal justice plan aims to cut prison population
Sen. Markey faces 2 challengers; now some pushing for a 3rdSen. Markey faces 2 challengers; now some pushing for a 3rd
Cathay Remains Under Scrutiny After CEO Takes Fall for ProtestsCathay Remains Under Scrutiny After CEO Takes Fall for Protests
Bullock tries to find middle ground on gunsBullock tries to find middle ground on guns
TV presenter punched live on air during protestTV presenter punched live on air during protest
Dick Cheney to appear at Trump 2020 fundraiser as Republican establishment bows to presidentDick Cheney to appear at Trump 2020 fundraiser as Republican establishment bows to president
The Gay Metropolis review: if we can survive Aids, we can survive TrumpThe Gay Metropolis review: if we can survive Aids, we can survive Trump
Iranian tanker at center of standoff with West leaves Gibraltar, shipping data showsIranian tanker at center of standoff with West leaves Gibraltar, shipping data shows
Turkish lawyers threaten boycott of Erdogans courts ceremonyTurkish lawyers threaten boycott of Erdogan's courts ceremony
Leaders
Donald-TrumpDonald Trump
45th President of the United States of America
Mike-PenceMike Pence
Vice President of the United States
Theresa-MayTheresa May
British Prime Minister
Angela-MerkelAngela Merkel
Chancellor of Germany
Emmanuel-MacronEmmanuel Macron
President of France
Justin-TrudeauJustin Trudeau
Prime Minister of Canada
Nancy-PelosiNancy Pelosi
Speaker of the United States House of Representatives
Barack-ObamaBarack Obama
44th U.S. President
Vladimir-PutinVladimir Putin
Russian President
Shinzo-AbeShinzō Abe
Prime Minister of Japan
10 summer gadget deals this weekend: Save up to 80%
Navy SEAL trial exposes divide in normally secretive force
U.S. federal court delays adoption of healthcare rule on abortion
Biden and school busing: Where he stood, what it means
I’m a Black Woman, and I See Myself in Kamala Harris
Nigeria protesters demand end to anti-Boko Haram militia
Iran announces visa waiver for Chinese tourists
Trump Makes History With Kim, Reviving Stalled Nuclear Talks
Mother, wife of drowned Salvadoran migrants awaits their repatriation
At G20, Putin leads attack on western liberalism
The Latest: Pride parades in full swing across the US
O'Rourke visits Mexico, meets turned away US asylum seekers
The U.S. Navy Loved the Midway-Class Aircraft Carrier. This Is Their Story
Pete Buttigieg returns to South Bend amid tension over police shooting
‘Charlie’s Angels’ reboot enlists Ariana Grande, Miley Cyrus, Lana Del Rey
'Dog the Bounty Hunter' star Beth Chapman honored in Hawaii memorial service
NBA free agency 2019: Kemba Walker is reportedly leaving the Hornets, who set themselves back years by not trading him
Kylie at Glastonbury 2019 review, solid gold set from a living legend
Scooter Braun Acquires Scott Borchetta's Big Machine Label Group, Taylor Swift Catalog For Over $300 Million
Trump Holds DMZ Summit, Pauses China Trade War
New White House press secretary left with bruises after scuffles between North Korean security guards and journalists
Trump administration declares emergency in violence-plagued rural Alaska
World's biggest divorce settlement will see Amazon founder Jeff Bezos, pay $38 billion to wife, MacKenzie
Judge orders permanent halt on construction of Trump’s US-Mexico border wall at four high priority sites
Democrat Says Diplomacy Is More Than Bringing a Casserole to Kim
Saudi Arabia intercepts two Yemen rebel drones: coalition
Stocks close out rocky quarter with solid gains
Google Maps can now predict how crowded your bus or train will be
Heavy fog causes flight delays, cancellations at Sydney Airport
Mind the glazing: US man breaks into cop station, brings donuts
Oil Falls as EU Adds Iran Sanctions Workaround Before G-20, OPEC
Mother arrested amid dayslong search for Virginia toddler
Iran suggests progress at last-ditch nuclear deal talks not enough as world powers attempt to overcome US sanctions
Here's What's Missing From the Health-Care Debate
Charter renewed for Colorado school where shooting happened
US 2020 election: Who is Democratic candidate Marianne Williamson and what are her policies?
How Much Does Gerrymandering Really Matter?
March With Joy, Anger, and Power: Why Stonewall 50 and World Pride Is So Important to LGBTQ People
All Joe Biden Had to Do Was Look Moderate, and He Blew It
Mini-Maduro targeted as US turns screws on Venezuela leader's son
Unique, Collectible 1960 Porsche 356B Super 90 Could Be Yours
3 Best Shotguns for Home Defense (On Any Budget)
Air-Cooled Creampuff: 1996 Porsche 911 Carrera 4S
Man breaks into police station to bring officers doughnuts when they arrive
Japan gave Trump a colorful map to explain US investments: report
How Iran Would Battle the U.S. In a War (It Would Be Bloody)
AOC says Ivanka Trump not ‘a qualified diplomat’ in tweet about first daughter’s involvement at G-20
Martin Brundle delivers brilliant Austrian GP line on Max Verstappen and Kimi Raikkonen
Donald Trump shares handshake with Kim Jong-un at DMZ, becoming first sitting US president to enter North Korea
Donald Trump shares handshake with Kim Jong-un at DMZ, becoming first sitting US president to enter North Korea
Mexican president announces plan to provide 40,000 jobs to migrants
Fury from Democrats after Donald Trump Jr attacks Kamala Harris over her race
England vs India: Jonny Bairstow 1st player to hit hundred vs India in World Cup 2019
National Corvette Museum Announces New CEO
Supreme Court to rule on Trump bid to end 'dreamers' program
8 paid iPhone apps on sale for free on June 28th
Vietnam says committed to 'free and fair' trade after Trump tariff threat
Trump, Xi set for high-stakes trade war talks in Japan
Congress ethics panel probes Gaetz over ex-Trump lawyer Cohen
How Europe hopes to keep trade flowing with Iran
Trump says China trade talks 'back on track,' new tariffs on hold
Pets can have allergies too and this test can tell you what they are
These 5 Guns Might Be Better than a Glock 19
Istanbul's new mayor 'prepared' for government restrictions
Meet the Winners and Losers in a U.S.-China Trade War
Trump heads to South Korea to save floundering nuclear talks
Turn Off Your Mind, Relax, and Float Downstream With Marianne Williamson’s Greatest Tweets
FBI encourages US universities to monitor Chinese students, report says
Schumer: ATF should investigate Dominican Republic deaths
Ball in Europe's court on nuclear deal's future: Iranian state TV
Trump Invites Kim Jong Un to Meet Him at the DMZ This Weekend
Grain-free food may be linked to dog heart disease: health authority
Chrissy Teigen's brilliant ideas for Twitter should actually be rolled out
Biden defends past civil rights record after Harris attack
‘I’m With Bernie’: Debate Sound Bites That May Haunt Candidates
Senate GOP leader relishes role as 'Grim Reaper'
Ethics panel reviews GOP lawmaker's tweet at ex-Trump lawyer
Julián Castro Campaign Fundraising Soars After Debate Performance
1970 Plymouth Superbird Project Up For Sale on Craigslist
Japan's Abe offers Saudi crown prince help in reducing oil dependency
Donald Trump tweets proposal to meet Kim Jung-un in demilitarised zone
Nissan ex-chair Ghosn cancels news conference in Tokyo
Woman 'who tried to kidnap two children' in Atlanta airport arrested
F-15s and F-22s Achieve An Amazing 41-1 Kill Ratio During Mock Combat
Debate With Biden-Harris Showdown Draws Bigger TV Audience
Congressman: Block evidence of trysts in corruption case
VIDEO: Family, friends and fans paddle out into ocean for Beth Chapman's Waikiki memorial service
Priyanka Chopra Dazzles In Pink, Lace Saree At Joe Jonas & Sophie Turner’s Wedding
Design chief departure adds to uncertainty at Apple
Harris attacks Biden's record on race in Democratic debate's key moment
Donald Trump to meet Kim Jong-Un in DMZ; may step onto North Korean soil
Journalist Andy Ngo, Who Says He’s ‘Hated By Antifa,’ Assaulted At Portland Rally
Every Dem on Debate Stage Endorses Publicly Funded Health Care for Illegal Immigrants
Why the Duchess of Sussex could be barred from entering the US if she wants to cut her tax bill
Tens of thousands join gay pride parades around the world
U.S. rights groups, doctors sue to stop Georgia 'heartbeat' abortion ban
Bitcoin Mining Puts Pressure on Iran's Power Grids
Trump says Saudi crown prince is 'friend of mine' doing a 'spectacular job'
Joe Biden’s Clear Road Back From Kamala Harris Debate Debacle
Is This Any Way to Pick a President?
Harvey Weinstein's new lawyer says women need to take responsibility for their actions
The Party of Illegal Immigration
Crater of Doom: Union Soldiers Tried to Tunnel Beneath Confederate Positions (Bad Idea)
'Say hello': Trump invites Kim to DMZ meeting
Like old pals, Trump, Putin make light of election meddling
Smiling Trump Tells Putin at G-20 Not to Meddle in U.S. Election
NC redistricting fight turns to state courts after ruling
Trump Push for Hasty DMZ Photo-Op Risks Longer North Korea Problems
Truce in US-China trade war as 2 rivals seek breakthrough
Supreme Court to hear U.S. Bancorp pension plan dispute
DMZ diplomacy? Trump outreach to Kim for border rendezvous
This Is the Battle That Decided World War II (Not What You Think)
Did Sig Sauer Just Make the Ultimate AR-15 Rifle?
Trump heads for DMZ after inviting Kim to 'Say hello'
This Cuisinart cookware set is $70 off on Amazon
Biden under attack as 2020 Democrat rivals urge passing of torch
UK PM May tells Putin to stop destabilizing activities: spokeswoman
Who Is Meghan Markle's Best Friend?
Joe Jonas and Sophie Turner's Second Wedding in France, All the Looks
Pelosi's Aura of Democratic Unity Burst by Border Bill Drama
Donald Trump fires back at Jimmy Carter over illegitimate president suggestion
Trump says Obama fumbling pushed Turks to buy Russian missile system
Kamala Harris Is Surging and Birtherism Is Back
Grab This Survivor 1966 Ford Mustang Convertible
Iran Strikes Back Against America. Is a War Coming to the Middle East?
US Rapper Slim 400 'shot eight times' in Compton
NBA free agency: Kemba Walker will sign with Boston Celtics, Kyrie Irving is on the move
The Killers' Brandon Flowers pays tribute to Welsh crowd at Cardiff Castle show
Huawei ban prompts Apple to slightly increase iPhone production
Another critical software bug means the Boeing 737 Max still isn’t safe to fly
Ram tough: FCA turns up the heat on GM and Ford in U.S. truck sales war
Indian women's heads shaved for 'resisting' rape
Widow, mother of drowning victims returns to El Salvador
Video Of First Corvettes Being Built Is An Entertaining Blast From The Past
Supreme Court majority strikes down efforts to stop gerrymandering
Trump: If There Was a Wall, Immigrant Dad and Daughter Who Drowned ‘Would Be Saved’
Who won the Democratic debates? Kamala Harris, Elizabeth Warren – and Trump
China says Trump, Xi reach trade truce
Trump reveals US companies will be allowed to sell to Huawei as China trade talks get ‘back on track’
Carrie Underwood in Birmingham UK - setlist, tickets, start and finish times
Newark Airport reopens after being shut down due to 'airport emergency'
Cara Delevingne and girlfriend Ashley Benson attend Zoe Kravitz's wedding rehearsal dinner in Paris
Cigarettes, alcohol and a 5am jog: how to become Liam Gallagher
Meghan Markle, Prince Harry visit Yankees, Red Sox before first London game
Biden’s Debate Stumble Exposes His Fragile Front-Runner Status
Trump aide Jared Kushner held meetings with foreign nations without telling State Department, Rex Tillerson says
Iran judges 'progress' made at nuclear meeting but 'still not enough'
Tillerson says Kushner conducted foreign policy without him
Texas Prep School Faculty Abused 15 Students Over 3 Decades, Investigation Reveals
Trump Says Neither Biden Nor Harris Won Debate Clash Over Race
Bank of America to Cut Ties with Companies That Run Migrant-Detention Facilities
Trump dismisses Carter's attacks on his legitimacy
Tesla provides update on the Model S that burst into flames for no apparent reason
Western liberalism is obsolete, warns Putin, ahead of May meeting
Trump hints at softer stance on China's Huawei
Ex-prosecutor locked up after guilty verdict in Hawaii
Trump jokingly warns Putin not to ‘meddle’ in 2020 election
SNL’s Kate McKinnon Debuts Spot-On Marianne Williamson Impression
The Latest: Biden says Harris misrepresented busing stance
Chinese military gets Hong Kong harbour dock, despite tensions
'Back on track': Trump, Xi seal trade war truce
Is Kylie Jenner Pregnant With Baby No.2?
Meghan Markle and Kate Middleton Are Bonding Over This Commonality
Britney Spears gives off strong '…Baby One More Time' vibes in throwback schoolgirl outfit
Katharine McPhee and David Foster are married: 'This one just felt right'
Bad Bunny & Drop Surprise Album 'OASIS': Listen
'We'll follow her campaign until the White House': Harris a hit among among those watching 2020 Democratic debate
‘I didn’t want them to go’: Mother remembers father and daughter who drowned in Rio Grande
SpaceX targets 2021 commercial Starship launch
Luis Alvarez, former NYPD cop who advocated for 9/11 responders with Jon Stewart, dies
Charles Leclerc takes Austrian Grand Prix pole ahead of Lewis Hamilton
Lewis Hamilton faces three-place grid penalty at Austrian GP from qualifying incident
Trump Bows to Xi Jinping's Huawei Demands at G20
US deploys F-22 stealth fighters to Qatar amid Iran tensions
New ruling puts high court overhaul back on 2020 Dems' radar
Kamala Harris just changed the direction of the presidential race
Middle East War: How Iran Could Attack the U.S. Navy's Aircraft Carriers
Breathtaking 1965 Chevrolet Impala SS Thrills In More Ways Than One
U.S. federal judge blocks use of some funds for border wall
Donald Trump says he wants to meet Kim Jong-un at DMZ 'just to shake his hand and say hello'
Debate Takeaways: Harris Soars, Biden Stumbles, Buttigieg Scores
Trump Supreme Court pick Kavanaugh delivered the goods for conservatives
Russia vs. America: Su-35s Attack F-15s and F-16s (Who Wins?)
Uruguay protests role of Venezuela's opposition at gathering
GOP whip Scalise cites Trump accuser’s ‘bizarre’ CNN interview in doubting her account
4 weighted blankets on sale this weekend
Putin says oil output deal helped stabilize world markets
Bad News: Iran is Using Western Drone Technology Against America
El Salvador president says China relations fully established
Mysterious 'Fast Radio Burst' Traced Back to Its Home Galaxy for First Time Ever
The Battleship USS Maryland Had One Mission: Kill Other Battleships
Trump says Saudi crown prince doing 'spectacular job'
Trump’s ‘Remain in Mexico’ immigration policy threatens migrants’ lives, asylum officers say
New Istanbul mayor a catalyst for change in old Erdogan stronghold
Glock Gun Battle Royal: Glock's Model 19 vs. Model 23 (Which Is Better?)
The Latest: Biker killed remembered as public servant
Putin brings own mug to G20 summit
Central American migrants plead to seek asylum in U.S., not Mexico
All of the Reasons Why the Glock 46 Gun Dominates
Harris's Personal Story Bests Biden's Senate Record on Race
Close