Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Huawei Indictments Overshadow US-China Trade Talks

Video Credit: Newsy Studio - Duration: 01:28s - Published < > Embed
Huawei Indictments Overshadow US-China Trade Talks

Huawei Indictments Overshadow US-China Trade Talks

The U.S. says its recent actions against Chinese telecom company Huawei shouldn't affect the ongoing trade negotiations.

China might beg to differ.

0
shares
ShareTweetSavePostSend
 

Huawei Indictments Overshadow US-China Trade Talks

A new round of trade talks between the U.S. and China could end up being overshadowed by recent U.S. actions against Chinese telecom giant Huawei.

The Justice Department has indicted Huawei for  allegedly stealing  trade secrets and trying to thwart U.S. sanctions.

The U.S. is also working to extradite Huawei executive Meng Wanzhou from her detention in Canada to face those charges.

The White House says the company's prosecution won't weigh on the trade negotiations, but it's not clear if China will see it that way.

Both the trade war and the Huawei indictments reflect increasing coldness from the U.S. about China's businesses.

Yun Sun , the director of the China Program at the Stimson Center, told Newsy: "This is not going to be the end of the U.S.-China confrontation — there is something fundamentally shifting about U.S. perception of China and U.S. policy towards China." A major U.S. objective in the trade war is curbing China's trade practices — like its heavy government subsidies and its co-opting of technical knowledge from foreign companies that want to do business in China.

So far, China's been unwilling to budge on those issues: It sees the U.S.'

Demands as part of an effort to undercut the country's whole economic model.

Sun said: "What they are preparing for is a much longer term of competition and confrontation with the United States.

At least for the Chinese, what the U.S. is after is not money — the U.S. wants to win this competition." Negotiators have until March 2 to reach some kind of deal to lessen trade tensions.

If an agreement isn't struck before then, President Trump has threatened to raise tariffs on $200 billion worth of imports from China.

This video includes reporting from  Newsy affiliate CNN .




You Might Like


Tweets about this


Recent related videos from verified sources

Trump Holds Off on Increasing Tariffs on Chinese Goods [Video]Trump Holds Off on Increasing Tariffs on Chinese Goods

President Donald Trump said he won't increase tariffs on $200 billion worth of Chinese goods after "productive" trade talks.

Credit: Newsy Studio     Duration: 01:00Published

US And China Extend Trade Negotiations Amidst Progress [Video]US And China Extend Trade Negotiations Amidst Progress

Trade talks will continue until Sunday as negotiators work to find a resolution that will satisfy both US and Chinese leaders.

Credit: Newsy Studio     Duration: 01:06Published

China Says US Is Trying to Block Its Economic Development [Video]China Says US Is Trying to Block Its Economic Development

A Chinese Foreign Ministry spokesperson said the U.S. is using "political means" to interfere with economic activity.

Credit: Newsy Studio     Duration: 01:10Published

Jim Cramer's China Cheatsheet for Investors [Video]Jim Cramer's China Cheatsheet for Investors

With everything going on in China, from the trade talks to the Huawei drama, Cramer decided that investors are in need of a "China Cheatsheet" Related: Apple, Huawei Have Become a Proxy Battleground..

Credit: The Street     Duration: 01:35Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.