After several months of tension with China, US President Donald Trump lifts Huawei’s ban on US companies.
This Saturday, June 29, 2019, was the meeting between the Presidents of the United States and the Republic of China, Donald Trump and Xi Jinping, the two countries have agreed on a truce in the trade confrontation between them since the failure of an agreement on tariffs on May 10, 2019.
Huawei, China’s leading manufacturer of telecom equipment, and the world’s second largest smartphone Apple, had been banned by the United States since May 20, Trump having prohibited US companies from providing Huawei with electronic components or any collaboration whatsoever without express permission. Within days, several US companies had stopped working with Huawei, including Google and ARM. The company’s CEO, Ren Zhengfei, estimates the losses at $ 30 billion over 2 years.Although this ban was lifted by Donald Trump on Saturday, the terms are not yet determined. The president said he wanted to clarify this situation in the coming weeks, without mentioning whether he would restore Huawei’s involvement in the 5G wireless network.
The embargo was essentially based on US intelligence accusations against Huawei in connection with its participation in the 5G network equipment being built in the United States. It is suspected of implementing electronic surveillance features in the equipment provided, in the pay of the Chinese intelligence services.
Huawei welcomed the announcement of Donald Trump. The Chinese company has repeatedly denied engaging in any type of espionage and is a victim of the trade war between the two countries