President Trump said that he would allow US companies to sell products to Huawei Technologies Co. again and China will now start buying large amounts of American farm products.
Their meeting at Osaka, Japan has been fruitful as the American president will now allow Huawei to buy products from U.S. suppliers. Last month, the US Commerce Department has initiated to blacklist Huawei from US companies which hinders its plan in different industry including telecoms.
With this, expect that Huawei will be able to do business again with different manufacturers including parts made for the Huawei smartphones and importantly, to work with Google again for their future Android smartphones.
Source: Bloomberg
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