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.



Top news around the world
Oscar 2020

See the list of 2020 Oscar Nominations including best picture, best actors and actresses, and more.

The 92nd Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS), will honor the best films of 2019 and will take place at the Dolby Theatre in Hollywood, Los Angeles, California.

Around the World

Celebrity News

> Latest News in Media

Watch It
Former "Love Island" Host Caroline Flack Found Dead at Age 40 | E! News
February 15, 2020
vnY28W1wSH0
Necessary Realness: We Stan Zendaya & Jacob Elordi | E! News
February 15, 2020
45ul-AFkgHo
Bieber Flubs Vows, Nicki Is Jelly & Snoop's Sorry Like It's Not - "Nightly Pop" 02/13/2020 | E! News
February 13, 2020
Kc93qHQymOE
'Outlander' Cast Reveals What to Expect This Season
February 15, 2020
K4klRSTpDIM
Issa Rae Teases 'Insecure' Season Four and Her Romance Film 'The Photograph'
February 15, 2020
onEO5NgmLjc
Harvey Weinstein's Closing Argument: 'Women Need to Take Responsibility for Their Actions'
February 13, 2020
3yfUxASXNvE
Van Jones Says Dwyane Wade Was Courageous for Supporting Zaya | TMZ
February 16, 2020
_PxvxwA4L0g
Steve Bannon Sides With Mayor Pete, "Sounds Like a Stand-up Guy" | TMZ
February 16, 2020
cGn-jujy4Ks
Osundairo Brothers 'Praying for Jussie' to 'Finally Tell the Truth' | TMZ
February 16, 2020
b2GZ8xkYDM0
Tyler Cameron surprises fans w/ultimate Valentine’s Day blind taste test | Page Six Celebrity News
February 13, 2020
RwNIvxbkaWA
Testing Gwyneth Paltrow's 'Vagina' Candle And Other Goop Products | Page Six Celebrity News
February 12, 2020
icD2-4ofnXk
How Adam Driver and Brad Pitt's height stacks up to other Oscar men | Page Six Celebrity News
February 08, 2020
OhHs22XYrnc
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
16
Feb
ENGLAND: Premier League
Aston Villa - Tottenham Hotspur
16
Feb
ITALY: Serie A
Lazio - Inter Milan
16
Feb
SPAIN: La Liga
Real Madrid - Celta Vigo
16
Feb
ENGLAND: Premier League
Arsenal - Newcastle United
16
Feb
ITALY: Serie A
Cagliari - Napoli
16
Feb
ITALY: Serie A
Juventus - Brescia
16
Feb
SPAIN: La Liga
Athletic Bilbao - Osasuna
15
Feb
ENGLAND: Premier League
Norwich City - Liverpool
15
Feb
ITALY: Serie A
Atalanta - Roma
15
Feb
SPAIN: La Liga
Barcelona - Getafe
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM 5NeCb7JxaRk u5xQKdNqazE 56CdjlzJqSA kw7uFRs-Az0 xNv0JZWLV7w j_x1lr04a6Q lrYGH-drP8s
Copyright © 2020 Feedimo. All Rights Reserved.