US Treasury Secretary confirms: “Huawei is a Pawn in the Trade War”


Huawei

It seems that Huawei will be a trading pawn in the ongoing commercial war between China and the US, The confirmation comes from the G20, the international forum that is taking place these days in Japan.

Talking about this is Steven Mnuchin, US Treasury Secretary, commenting on Trump’s statement about the ban on Huawei, which prevents US companies from pursuing business negotiations with the Chinese giant.

ā€œI think what the president is saying is, if we move forward on trade, that perhaps heā€™ll be willing to do certain things on Huawei if he gets comfort from China on that and certain guarantees,ā€ Mnuchin said. ā€œBut these are national security issues.ā€

The hypothesis that Huawei is simply an exchange pawn used by Trump administration to force the Chinese government’s hand in the customs duty war, with which the US is trying to reduce the trade deficit, seems to be confirmed.

Huawei

Gizchina News of the week


Mnuchin, as reported by Reuters, he went on to state that ā€œIf China wants to move forward with the deal, weā€™re prepared to move forward on the terms weā€™ve done. If China doesnā€™t want to move forward, then President Trump is perfectly happy to move forward with tariffs to rebalance the relationshipā€.

We recall that on the previous days, Google had also moved, whose commercial interests with Huawei are enormous, to emphasize the danger inherent in a customized operating system by the Chinese giant, more worrying than any spyware on Chinese smartphones.

It is worth to mention that Huawei, is developing its own system which will reportedly be called ā€œHongMengā€ OS in China and ā€œArkā€ or ā€œOakā€ OS in other parts of the world. We already know that the company has submitted an application for a trademark for this system to the intellectual property organization in China. As early as August last year, Huawei had registered the HongMeng trademark in the Trademark Office of the State Intellectual Property Office of China. The trademark was approved on May 14, 2019.

In addition, there are also reports that Huawei has submitted the ā€œHongMengā€ trademark application in the intellectual property organizations in many countries around the world. Some listed countries include Canada, Mexico, Spain, South Korea, Australia, New Zealand, Peru, Turkey, The Philippines, and some other European countries.

Source/VIA :
Previous OnePlus 7 only for ā‚¬457 ? Sure thing with TradingShenzhen !
Next Young brand XIDU brings "Yoga" PhilBook Max to hit the laptop market