U.S. Treasury Secretary Steven Mnuchin said on Sunday that President Donald Trump might ease U.S. restrictions on Huawei if there was progress in the trade row with China - but absent a deal, Washington would maintain tariffs to cut its deficit, ONA reports quoting Reuters.
“I think what the president is saying is, if we move forward on trade, that perhaps he’ll be willing to do certain things on Huawei if he gets comfort from China on that and certain guarantees,” Mnuchin said. “But these are national security issues.”
Washington has imposed and then toughened import tariffs on Chinese goods in a bid to reduce the United States’ trade deficit and combat what it calls unfair trade practices.
It has also accused the Chinese telecommunications giant of espionage and stealing intellectual property, allegations that Huawei Technologies Co Ltd, a leading provider of next-generation 5G technology, denies.
Washington has put Huawei on a blacklist that effectively bans U.S. firms from doing business with it, and has put pressure on its allies also to shut Huawei out, arguing that Huawei could use its technology to carry out espionage for Beijing.
Mnuchin said the United States was prepared to come to a deal with China, but also to maintain tariffs if necessary.