Republican senator not optimistic of US-China deal

Republican senator not optimistic of US-China deal

9Process / Shutterstock.com

A Republican Senator has said that a deal between US and China is highly unlikely. He is also more than certain that there is no way a Huawei will be allowed to sell into the U.S. market. US President Donald Trump and China’s President Xi Jinping had agreed to hold off the imposition of any new tariffs on each other’s products.

This decision came after a successful meeting at the Group of Twenty (G-20) summit in Osaka over the weekend. Positive results soon came after their sit down as Markets had rallied on Monday. Donald Trump also softened his tome on Chinese Telecommunications giant Huawei. He had indicated that US companies can do business again with Huawei.

His words were seen positive as shares of chipmakers across and on the Atlantic rose had risen sharply on Monday morning. Trump had told reporters in the Oval Office on Monday that the negotiations are back on track. The negotiations between the two countries had been stalled. However, Trump said that if any deal is to be reached, it would be in favor of Washington.

However, Republican senator Rick Scott, Florida, had told CNBC’s “Squawk Box Europe” that a deal would not be reached between China and U.S. He also emphasized that Huawei presents a threat to US’s national security, a claim that is continuously denied by the telecommunication giant. He said, “Think about this – they’re stealing technology, they negotiated a deal and then walked back – I mean how many times do you negotiate a deal, somebody walks back, and the deal ever closes?”

He also said that it is nice that the President has good relationship with XI, North Korean leader Kim Jong Un and Russia’s President Vladimir Putin but he needs to hold them accountable for their actions as well.

Managing editor of the Chicago Morning Star

Related Posts
Trump impulses Xi to meet the Hong Kong demonstrators
Donald Trump, president of the United States, has urged his Chinese counterpart, Xi Jinping, to
US-China talks resume with little outcome expectations
United States and China are about to have their first official in-person meeting since the
Trump says more tariffs will be applied on Chinese goods
Donald Trump has said that the US will impose 10% tariffs on another $300 billion
Huawei lays off hundreds of employees from US research branch
The repercussions of the trade war between China and the US are still in effect
France’s finance minister warns the world of repercussions of Trade War
France’s finance and economy minister Bruno Le Marie has warned that the trade war could
U.S.-China Trade War
Recently we have been seeing a strong trade conflict between China and the United States.
U.S. defense chief – China threatens Asia’s stability
Acting U.S. Defense Secretary Patrick Shanahan suggested that China is responsible for a range of
China prepares to hit back U.S. as global markets fall
China had given a signal that they will be striking back at Washington in the
US trade deficit grows despite ongoing boycott with China
In March, the US Trade deficit edged by 1.5 % but there is good news
Something curious you need to know about US-China Trade War
China can provide many customer goods at economical prices than other countries can. Americans obviously,