Trump Open to Discussing Huawei if China Resumes Trade Talks - Forex News by FX Leaders

Trump Open to Discussing Huawei if China Resumes Trade Talks

Posted Friday, May 24, 2019 by
Arslan Butt • 1 min read

Trump continues to maintain optimism over the US and China coming together to negotiate a trade deal. Despite escalating tensions and no word on when then next round of talks will be held, Trump remarked on Thursday that he would be open to include Huawei in the discussions when they commence again.

He continues to express caution against the company, however, stating, “You look at what they’ve done from a security standpoint, from a military standpoint, it’s very dangerous.” Supporting comments were also made by Secretary of State Mike Pompeo, who alleged that Huawei’s CEO Ren Zhengfei has lied about the company’s ties to the Chinese government.

Pompeo also went on to state in an interview on Thursday that he remains hopeful that more companies will stop working with Huawei as the State Department tries to raise awareness about the security risks of using Huawei’s technology.

Meanwhile, the trade war has started taking a toll on the US markets, with SPX falling by more than 2% during close on Thursday on account of troubles with Huawei.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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