"Even though Washington agreed to postpone levying additional tariffs on Chinese goods to make way for negotiations, and Trump even hinted at putting off decisions on Huawei until the end of negotiations, things are still very much up in the air", it said in an editorial published late on Saturday. However, a few days ago, Micron appointed lawyers and attorneys who found out a loophole in the executive order that allows any USA based company from doing commerce with the blocked entities in case if they are using 25% or less of US -originating technologies.
"I don't want to talk about it now, we're looking at that very carefully", he said.
At Osaka, Xi and Trump consented to an uneasy trade war truce.
"If President Trump has in fact bargained away the recent restrictions on #Huawei, then we will have to get those restrictions put back in place through legislation", Republican Senator Marco Rubio tweeted. 'We understand each other'.
This is clearly a blip for the moment and any long-term moves will depend on the detail that any agreement may have.
United States of America stop technology blockade of Chinese telecommunications group Huawei, one of the largest suppliers of equipment for mobile networks and the second largest in the world manufacturer of smartphones.
The Trump administration has said the Chinese firm poses a national security risk given its close ties to China's government, and has lobbied USA allies to keep Huawei out of next-generation 5G telecommunications infrastructure.
G20 Summit declaration spotlights free, fair, non-discriminatory trade
It would mark the first such deal between Russian Federation and a North Atlantic Treaty Organisation member. China's Xinhua state-run news agency reported the USA would hold off on threatened tariffs.
For its part, Huawei has denied that it conducts any sort of espionage for the Chinese government and suggested that the White House was merely strong-arming it as a pretext to hobble its race towards next-generation 5G technology and gain leverage in the trade war. "US companies can sell their equipment to Huawei", he told reporters, providing that equipment poses no "great national emergency problem".
American companies are not the only source of important technologies, but within the new regulations, they themselves are in danger of losing an important business partner.
US stock futures surged on Monday morning after the USA and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.
The decision lets US companies sell to China's most prominent technology company, easing restrictions the Commerce Department imposed in May.
According to the U.S. president, Washington has no intention of addressing Huawei's current designation until trade talks with Beijing conclude. "That's of critical importance for a US administration that is focusing on financial good news as a core component of the president's reelection strategy". He said smartphone sales outside China will fall 40 per cent.
Instead, what will happen is that some USA firms will be granted licenses to continue selling to Huawei, a White House aide told Reuters today.