China-US Trade Dispute: US to resume cooperation with Chinese companies
Updated 13:41, 12-Jul-2019
To the latest on the China-US trade war. In addition to re-starting trade talks with China, the US is set to resume cooperation with some Chinese companies, showing further signs that the trade dispute between the world's two largest economies may be easing. Our reporter Su Yuting has more.
There are still rifts among officials over how far the US should go in trying to reach an accord with Beijing. But many US suppliers have argued that the actions against Chinese companies are counter-productive.
According to a report from The Wall Street Journal, Treasury Secretary Steven Mnuchin recently urged US suppliers to seek licenses to resume sales to the blacklisted Chinese tech firm Huawei.
The article says this development reflects a recent reversal of the Trump administration's tough stance on the company.
And another report from Bloomberg says Chinese drone-maker DJI is broadening operations in the US to sidestep newly imposed tariffs on exports from its home country and quell accusations that the company poses a national security threat.
The US Department of Interior plans to use two DJI models to scan federal land to prevent forest fires and handle controlled burns. During more than two years of review, the department conducted more than a thousand flights over 500 hours using DJI drones. The drones' customization means data captured during flights can't be transmitted to third parties or uploaded to the internet.
And more progress is being made. The Trump administration said it will exempt 110 Chinese products from hefty tariffs, from medical equipment to key capacitors, offering relief to some US firms that the taxes have harmed.
SU YUTING BEIJING "There are positive signals amid China-US trade tensions recently, as Washington is relaxing its restrictions on some Chinese companies. US President Donald Trump indicated a willingness to compromise on the Huawei issue in a meeting with President Xi Jinping at the G20 summit in Japan last month. US Commerce Secretary Wilbur Ross also echoed Trump's pledge, saying officials will issue licenses allowing U.S. firms to sell to Huawei where there is no threat to U.S. national security. Su Yuting, CGTN, Beijing."