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June 29, 2019 05:34 pm

Trump Relaxes US Ban On Selling To Huawei In Surprise G20 Concession

hackingbear tipped us off to a breaking news story. CNN reports:US President Donald Trump has appeared to soften his tone on Chinese communications giant Huawei, suggesting that he would allow the company to once again purchase U.S. technology. Speaking at a press conference in Osaka, Saturday, Trump said that the U.S. sells a "tremendous amount of product" to Huawei. "That's okay, we will keep selling that product," said Trump. "The (U.S.) companies were not exactly happy that they couldn't sell." Forbes points out "While it's not a lifting of the blanket ban, it will significantly benefit the Chinese manufacturer." ZDNet reports:This news just broke with comments made by Trump, including "U.S. companies can sell their equipment to Huawei. We're talking about equipment where there's no great national security problem with it." The details of this statement are still pending, but it is likely that 5G infrastructure equipment may still not be part of this access deal while the smartphone segment may be where we see open access. One Daily Beast contributor argues the action "appears to be a surrender to publicly issued Chinese demands." But TechCrunch writes that "any mutual trust has been broken and things are unlikely to be the same again."

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