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US-China trade truce includes Huawei reprieve, no additional tariffs, Trump says after Xi meeting

( June 29, 2019, 22:31 GMT | Official Statement) -- MLex Summary: US President Donald Trump said US companies can continue selling equipment to Chinese telecom giant Huawei — as long as the equipment doesn't pose any "great national emergency problem" — as part of a trade truce between the two countries. "[W]e have a lot of the great companies in Silicon Valley and based in different parts of the country, that make extremely complex equipment. We're letting them sell to Huawei," Trump said at a press conference announcing a trade truce with China after the Group of 20 summit of world leaders in Osaka, Japan. The US also agreed not to move forward yet with the imposition of additional tariffs on around $200 billion worth of goods from China under Section 301 of the Trade Act of 1974.See full transcript below:...

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