Friday morning President Trump told reporters that the U.S. was done having any business with China’s giant telecom company, Huawei. This announcement came on the heels of China’s announcement that they were going to stop buying agricultural products from the U.S.- as retaliation for the hike in tariffs last week.
“We’re not going to be doing business with Huawei,” President Donald Trump said. The U.S won’t be doing business with Huawei anytime soon unless there is a trade deal according to Trump. “We are talking to China; we are not ready to make a deal, but we’ll see what happens…China wants to do something, but I’m not doing anything yet. Twenty-five years of abuse. I’m not ready so fast,” Trump said. [1]
This cutting of ties with Huawei comes shortly after China stopped buying American agricultural products last week. Last week Trump raised tariffs to 10 percent on over $300 billion worth of Chinese products, claiming that China had not bought U.S. agricultural goods in “large quantities” like they had agreed to do.
Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to…
— Donald J. Trump (@realDonaldTrump) August 1, 2019
…buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and…
— Donald J. Trump (@realDonaldTrump) August 1, 2019
During that time, China allowed its currency to drop against the U.S. dollar to a record low, causing Trump to label China as a “currency manipulator” in response.
Although Huawei is currently banned from using Google’s operating system, they still have hope to succeed in the world. On Friday, they announced that they had designed a Harmony operating system to power their mobile devices. [2]
Notes:
- ^Li, Yun. “Trump says US is not going to do business with Huawei, not ready to make a trade deal with China.” CNBC, 9 Aug. 2019, www.cnbc.com/2019/08/09/trump-says-us-is-not-going-to-do-business-with-huawei-not-ready-to-make-a-trade-deal-with-china.html. (go back ↩)
- ^Antonio Villas-Boas, Business Insider. “Trump announces that the US won’t be doing business with Huawei.” INSIDER, 9 Aug. 2019, www.insider.com/trump-says-united-states-wont-do-business-with-huawei-2019-8. (go back ↩)
