Donald Trump lifts the ban on Huawei and can return to relative normality

Huawei got up this morning with the news that Trump will not apply the veto to the Chinese company. Donal Trump announced it at a G20 conference to the surprise of everyone.

Finally, Huawei will not have to face the commercial veto, which would have entailed problems that would endanger the stability of the company, with enormous consequences on global trade. At a G20 meeting, the president of the United States, Donald Trump, has made it known to the press that he is withdrawing the trade veto order.

Thus, everything that was feared that could happen to Huawei has been a scare, an almost mortal scare but a scare after all. It is estimated that having moved on, Huawei would have lost $ 25.000 billion in revenue, something that would make China even more economically aggressive.

Trump says goodbye to veto

It is not a total goodbye to prohibitions, because for the moment it has only allowed US companies to do business with Huawei, something essential for products from dozens of different manufacturers to come out.

Of course, Huawei continues to have complications when it comes to selling its final products in the United States. Even so, it is expected that the end of the limitations will remove tariffs on products that come from China and which were speculated rises of 25%.

Trade war with China softens

This is good news because it enables better trading without falling back on end users. This trade war right now would have more consequences for consumers than for companies, who would not get rid of their burden. Hopefully this will go ahead and hopefully lower prices for some components that have been compounded by what many consider to be one of Donald Trump's greatest political incompetencies.

Source Forbes