Phase 1 trade deal will result in no further escalation from U.S.: Brookings Institution
The U.S.-China trade pact avoids dealing with issues over Huawei Technologies Co.’s access to American markets and suppliers, Treasury Secretary Steven Mnuchin said.
“I don’t view Huawei as a chess piece,” Mnuchin said in an interview with CNBC on Wednesday.
Questions about the Chinese gearmaker’s access to U.S. markets will be dealt with separately as a national security issue, Mnuchin said, not in the first phase of an agreement with China that is set to be signed in Washington on Wednesday — or in any subsequent phase.
“Our national security is our utmost concern,” Mnuchin said. He said that the Trump administration’s position is that officials want to make sure that U.S. business and government networks are fully secure.
President Donald Trump’s administration in May moved to restrict U.S. companies from doing business with Huawei and another Chinese company ZTE Corp. The administration has said Huawei gear could be used for spying — an allegation the company denied.