June 30, 2019

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.



Latest News
Top news around the world
Academy Awards

‘Oppenheimer’ Reigns at Oscars With Seven Wins, Including Best Picture and Director

Get the latest news about the 2024 Oscars, including nominations, winners, predictions and red carpet fashion at 96th Academy Awards

Around the World

Celebrity News

> Latest News in Media

Watch It
Olivia Munn Reveals Breast Cancer Diagnosis and Double Mastectomy Procedure | E! News
March 13, 2024
kUaEV1Kd3S0
Travis Kelce Shares Details From His Trip to Singapore With Taylor Swift | E! News
March 13, 2024
3YXi-Dgf4eg
Kate Middleton VIRAL Photo: Agency Addresses Photoshop Claims | E! News
March 13, 2024
S4VkO0TpkCY
Da'Vine Joy Randolph Plays 'Smash or Pass' With Iconic Moments From Her Career
March 13, 2024
vkPdJEF2BX4
Jean Smart Wears a Hotel Bathrobe to Present an Award to Hannah Einbinder l Power of Comedy SxSW
March 12, 2024
Bw7uVEYQev4
Lenny Kravitz Walk of Fame Ceremony
March 12, 2024
MlWq8BcnwhE
Dak Prescott Extortion Plot & Steph Curry for President? | TMZ Sports Full Ep - 3/12/24
March 13, 2024
jHFsrjs7OFY
A Japanese space rocket blew up after takeoff Tuesday, turning the sky into a fireball of smoke.
March 13, 2024
YkfJ3Qg8B7c
#KimKardashian and #BiancaCensori hung out at #KanyeWest's listening party Tuesday night!
March 13, 2024
EfwLLq6bx9k
‘Pioneer Woman’ Ree Drummond denies using Ozempic to lose 60 pounds
March 13, 2024
Omfjk1AlZ3A
Chrissy Teigen reveals her ‘boob lift scars’ in daring dress at Jay-Z & Beyoncé’s Oscars 2024 party
March 13, 2024
VxZ2qXAlpmU
Zoë Kravitz pokes fun at dad Lenny Kravitz's style during Hollywood Walk of Fame speech
March 13, 2024
j3-lcFu_1sQ
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
17
Mar
SPAIN: La Liga
Atletico Madrid - Barcelona
17
Mar
ENGLAND: FA Cup
Manchester United - Liverpool
17
Mar
ITALY: Serie A
Inter Milan - Napoli
17
Mar
GERMANY: Bundesliga
Borussia Dortmund - Eintracht Frankfurt
17
Mar
ENGLAND: FA Cup
Chelsea - Leicester City
17
Mar
ITALY: Serie A
Roma - Sassuolo
17
Mar
ITALY: Serie A
Verona - AC Milan
17
Mar
ITALY: Serie A
Juventus - Genoa
17
Mar
GERMANY: Bundesliga
SC Freiburg - Bayer Leverkusen
17
Mar
USA: Major League Soccer
Atlanta United - Orlando City
17
Mar
ENGLAND: Premier League
West Ham United - Aston Villa
17
Mar
SPAIN: La Liga
Rayo Vallecano - Real Betis
17
Mar
ENGLAND: Championship
Leeds - Millwall
17
Mar
SPAIN: La Liga
Las Palmas - Almeria
17
Mar
SPAIN: La Liga
Villarreal - Valencia
17
Mar
SPAIN: La Liga
Sevilla - Celta Vigo
16
Mar
GERMANY: Bundesliga
Darmstadt - Bayern Munich
16
Mar
ENGLAND: FA Cup
Manchester City - Newcastle United
16
Mar
ENGLAND: Premier League
Fulham - Tottenham Hotspur
16
Mar
SPAIN: La Liga
Osasuna - Real Madrid
13
Mar
CHAMPIONS LEAGUE: 1/8 Final
Atletico Madrid - Inter Milan
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Barcelona - Napoli
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Arsenal - Porto
11
Mar
ENGLAND: Premier League
Chelsea - Newcastle United
10
Mar
ENGLAND: Premier League
Liverpool - Manchester City
10
Mar
SPAIN: La Liga
Real Madrid - Celta Vigo
10
Mar
ENGLAND: Premier League
Aston Villa - Tottenham Hotspur
10
Mar
ITALY: Serie A
Juventus - Atalanta
10
Mar
ITALY: Serie A
Fiorentina - Roma
10
Mar
ITALY: Serie A
AC Milan - Empoli
09
Mar
GERMANY: Bundesliga
Werder Bremen - Borussia Dortmund
09
Mar
ENGLAND: Premier League
Arsenal - Brentford
09
Mar
ITALY: Serie A
Bologna - Inter Milan
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.