Huawei Loses Out As Trump And China Agree New ‘Phase One’ Trade Deal - News Summed Up

Huawei Loses Out As Trump And China Agree New ‘Phase One’ Trade Deal


LightRocket via Getty ImagesThere has long been speculation that the ongoing blacklisting of Chinese tech giant Huawei might be used as a pawn in the trade negotiations between Washington and Beijing. An initial trade deal agreedThe deal agreed on December 13 looks set to significantly ease tensions between the U.S. and China. No immediate relief for HuaweiBut for Huawei there is no direct impact from what has been agreed thus far. It will be disappointed to miss out on being a direct beneficiary of the phase one deal, but will also be hopeful that the initial trade deal ushers in some relief in short order. Huawei declined to comment on the trade deal and any implications for the company.


Source: Forbes December 14, 2019 05:04 UTC



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