An opportunity to “build solutions to global..
It is strategically better for them to continue doing business with each other as Global Economic Growth is slowing down.
The 2019 G20 Summit, held in Osaka, this past June 28 & 29 had all spotlight on US President, Donald Trump.
The G20 Summit is an international forum in the discussion of policy about the promotion of international financial stability.
The most notable is the continuous Trade War with Trump and China. That became a factor in Huawei’s crisis. During the summit, Trump and China’s President Xi Jinping found common ground, after being urged to by Japan’s Prime Minister Shinzo Abe.
Both countries had a noticeable decline in their Economic Growth also slowing down Global Economic Growth. Thanks to the Trade ban, no business will happen between US Tech companies and any Chinese Companies, enforced by the US Commerce Department just last month.
It is strategically better for them to continue doing business with each other, though with a slight condition.
Trump will allow US Tech Companies to sell to China for the meantime, this includes Huawei being able to buy materials again as well as a pledge to make it easier for Chinese students to get their green cards, as to President Xi’s request. As long as China ensures to buy agricultural goods from the US. This does not mean the ban is officially lifted, it’s sort of a “timeout” as two leaders of an economically giant countries find a resolution, Trump even calling President Xi a likely strategic partner.
With this opportunity, let’s see how Huawei will take advantage of the “ban’s timeout”.