Headline Roundup • June 29th, 2019
Trump Allows Sales to Huawei as Trade Talks Resume
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Washington Times
The U.S. will not impose new tariffs on China as the mega-powers restart trade talks that fell apart in May, President Trump said Saturday, signaling a freeze in an economic war that’s rattled investors, farmers and consumers alike.
Wall Street Journal (News)
President Trump and Chinese President Xi Jinping agreed to a cease-fire on trade that will remove some curbs on Huawei Technologies Co. buying high-tech equipment from the U.S., for the moment lifting one cloud over the global economy.
Under the cease-fire, the U.S. agreed to put off additional tariffs on Chinese goods indefinitely. In response, China will start buying large amounts of American farm products, Mr. Trump said.
Washington Post
President Trump on Saturday agreed to scale back restrictions on Chinese technology giant Huawei and delay new tariffs from going into effect against Chinese goods as part of an effort to restart trade talks with Chinese leader Xi Jinping.
The major concessions, which came on the sidelines of the Group of 20 summit, came after more than a month of acrimonious fighting between two of the world’s largest economies. Trump expressed hope that the measures would lead to a large trade deal with China, though major issues remain and it’s...
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