Trump calls Huawei very dangerous, but says any American complaints against the company might be resolved within the framework of a U.S.-China trade deal. More here
“If the United States wants to continue trade talks, they should show sincerity and correct their wrong actions. Negotiations can only continue on the basis of equality and mutual respect,” spokesman Gao Feng told a weekly briefing.
Sources have said the trade talks stalled after China tried to delete commitments from a draft agreement that its laws would be changed to enact new policies on issues from intellectual property protection to forced technology transfers. Of a list of 20 companies compiled by Goldman Sachs that derive a substantial portion of their sales from China, the average stock price decline since Trump’s tweet on May 5 signaling that tariff increases were coming is nearly 15% compared with a 4.5% drop for the wider S&P 500 Index.
Taiwan is one of a growing number of flashpoints in the U.S.-China relationship, which also include China’s increasingly muscular military posture in the South China Sea, where the United States also conducts freedom-of-navigation patrols.
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