US Downplays Trump Concession to Sell Chips to China’s Huawei Telecom Firm
The White House on Tuesday downplayed President Donald Trump’s concession to allow sales of some computer chips to China’s Huawei Technologies company, saying the telecommunications giant remains blocked because of national security concerns from buying parts to produce its newest 5G smartphones. Trump trade adviser Peter Navarro told CNBC, “All we’ve done basically is to allow the sale of chips to Huawei and these are lower tech items, which do not impact national security whatsoever. Selling chips to Huawei, a small amount of chips – less than $1 billion a year – in the short run is small in the scheme of things.” Washington had put Huawei on an export blacklist in May, citing national security concerns related to its technology for the company’s 5G – Fifth Generation – smart devices. Huawei founder Ren Zhengfei speaks during a roundtable at the telecom giant’s headquarters in Shenzhen in southern China on Monday, June 17, 2019. Huawei’s founder Ren Zhengfei also said that Trump’s agreement with Chinese President Xi Jinping over the weekend to relax a ban on U.S. sales to Huawei would not have “much impact” on the company’s business. But Ren said he is willing to continue to buy U.S. …