Trump said the meeting among US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, and their Chinese counterparts was now scheduled to take place.
Stocks resumed their decline, capping a turbulent week dominated by concerns over an escalating trade war between the US and China. The company's Chief Security Officer Andy Purdy last month told CNN's Julia Chatterley the ban on sales to Huawei wouldn't keep America safe, but it could cost American jobs at its USA suppliers.
Trump's statement came amid China's refusal to buy United States agricultural goods - a move that's said to be in retaliation of Trump's tariffs on imports from China.
"Until recently, the markets' view was that this trade war will be resolved, but clearly now the thinking is that maybe this is not the case and it could be accelerating from here", and Italy and Brexit worries are now adding to that, he said.
The countries have imposed tariffs on $360 billion in two-way trade and with the new round Trump announced, all Chinese goods would be subject to punishing duties.
Trump in June said he would ease restrictions on Huawei by granting licenses to American firms to resume sales of products that do not pose a national security risk, though it was not clear exactly which products that includes. "And until we see some movement on that, so far no signs of it, China's not going to give in and reciprocate".
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"I really made the decision".
Huawei was the world's number two smartphone producer previous year, ahead of Apple and behind South Korea's Samsung, as well as the largest provider of telecom networking equipment, but the firm has emerged as a key bone of contention in the wider China-US trade war. That prompted the United States to label Beijing a currency manipulator.
The Bloomberg dollar index, which measures the USA currency against a basket of peers, briefly jumped following Trump's comment on the greenback, before slipping back to be little changed from where it was. Markets received another jolt on Monday when China retaliated by letting the value of its currency fall to the lowest level since 2008, raising fears of a currency war between the world's two biggest economies.
President Donald Trump said that he has no plans to devalue the US dollar.
It's been nearly three months since the U.S. first announced that Huawei had been placed on an "entity list" in May, which banned USA companies form doing business with Huawei.