US and China will resume negotiations, US companies will be able to cooperate with Huawei

Reuters news agency reports that The United States and China have agreed to return to trade negotiations. Moreover, it was announced that during the negotiations, Washington would not impose additional taxes on Chinese goods. 

A positive shift was achieved during the meeting of Donald Trump (Donald Trump) and Xi Jinping (Xi Jinping), which was held at the G20 summit taking place these days. 

Against the background of this news, it can be assumed that the two largest economies in the world will be able to resolve the protracted dispute.

In their almost one-year dispute, the two countries repeatedly raised duties on imported goods to each other, which led to the disruption of supply lines and a decrease in the level of global economic growth. "We are back on track, and see what happens," Donald Trump told reporters after meeting with the head of China.

It is worth noting that before the meeting of the two leaders, President Trump did not rule out an increase in the list of Chinese goods subject to additional duties. 

In turn, Xi Jinping, before the start of negotiations, said that it was necessary to continue the dialogue, avoiding confrontation.

Later, a message appeared in a Reuters an account on Twitter stating that US President Donald Trump intends to allow the US companies to continue cooperation with Huawei.

Earlier, the US government has repeatedly said that China for many years stole American intellectual property. It was also said that American companies are forced to share trade secrets for doing business in China. 

Appeared statements that the government of the Middle Kingdom subsidizes state-owned companies to achieve dominant positions in various industries. China, in turn, stubbornly denied the allegations, saying that the United States must make concessions to resolve trade disputes.

Negotiations were terminated in May of this year, after which duties on imported goods from China were significantly increased. Gradually, the dispute between the two countries went beyond trade. 

This led to the fact that the US government blacklisted Huawei, banning US companies to cooperate with the telecommunications giant. US officials insisted that other countries follow suit, refusing to use Huawei equipment.