China trade deal will take time, says White House’s Navarro


by   |  VIEW 194
China trade deal will take time, says White House’s Navarro

On Tuesday, the 2nd of July 2019, trade advisor of White House, Peter Navarro said that United States’ trade negotiation with China had been put back on the right track, however a concession to a ban on Huawei Technologies seemed to be of little importance in contrast to a larger trade deal, added Navarro.

In an interview with CNBC on Tuesday (July 2nd), referring to the complicated texture of the trade negotiations, Navarro said, “We’re headed in a very good direction. It’s complicated, as the president said, correctly, this will take time and we want to get it right.

So, let’s get it right. All we’ve done basically is to allow the sale of chips to Huawei, and these are lower-tech items which do not impact national security whatever. Selling chips to Huawei, a small amount of chips - less than $1 billion a year - in the short run is small in the scheme of things”.

In fact, echoing the leads of Peter Navarro, Huawei founder and CEO, Ren Zhengfei had been quoted saying in an interview with the Financial Times on Tuesday (July 2nd) that the company had been willing to continue its business with US suppliers, but the latest relaxation of ban would unlikely to deliver a meaningful impact.