Further, Commerce Secretary Wilbur Ross saidthat the US government will issue licenses to companies seeking to sell goods to Huawei where there is no security threat.Ross confirmed that Huawei would remain on the Entity List, meaning winning licenses would require overcoming a presumption of denial, and said the scope of items requiring licenses would not change.Day 359: June 29, 2019 – Trade talks to restart, ban on Huawei relaxed
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The US and China agreed to restart trade talks, following the tentative truce reached earlier in the week. No deadline has been imposed for the talks unlike the 90-day ceasefire agreed to last year at the G20 Summit in Buenos Aires. This means that a new round of tit-for-tat tariffs will remain on hold for the foreseeable future.RELATED NEWSUS Tariff Exemption Process for Chinese ImportsMore interestingly, President Trump also suggested relaxing the ban on US exports to China’s Huawei Technologies.Both announcements bring immediate relief to Chinese trade negotiators who will now be keenly following the 2020 US elections.During his press conference, Trump appeared short on specifics besides clarifying, “We’re holding back on tariffs” and stating that US companies were “not exactly happy” about being unable to sell to the Chinese smartphone maker. Previously, the US had blacklisted the company by placing it on its ‘entity list’ and banned the sale of high-tech components and software to Huawei.Day 356: June 26, 2019 – Tentative truce reached days before G20 SummitThe US and China have agree to a tentative truce in the lead up to their resumed trade talks in Osaka this weekend. Details of the agreement are being drawn up and are expected to be released prior to the meeting. The US has threatened 25 percent tariffs on a further US$300 billion of Chinese imports, which is expected to be halted. Sources quoted by the mediasuggest that Trump might propose a deadline of six months for the talks to reach an agreement. If this does culminate, it would mean the US would hold offon implementing further tariffs until the end of the year.Day 351: June 21, 2019 – US adds another five Chinese entities to its ‘entity list’US Commerce Department announcesthe addition of five new Chinese entities (including a state-owned enterprise) to its entity list, barring them from buying US parts
and components without prior government approval. The new entities targeted are: Sugon, the Wuxi Jiangnan Institute of Computing Technology, Higon, Chengdu Haiguang Integrated Circuit, and Chengdu Haiguang Microelectronics Technology.Day 349: June 19, 2019 – US Tariff Exemption Process for Chinese Imports The Office of the US Trade Representative (USTR) announces a process by which US interested parties could request the exclusion of certain Chinese products – subject to additional tariffs – as per the September 2018 list (List 3). The electronic portal for the submission of exclusion requests for products covered by the September 2018 list will open on June 30, 2019. (For more details see here).
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