China Says any US Trade Talks Must Be Based on 'Mutual Respect'

Saul Bowman
May 29, 2019

"Sometimes it is said that an agreement will be reached soon, and sometimes that it is hard to reach an agreement", Chinese Foreign Ministry spokesman Lu Kang said in Beijing yesteday when asked about Trump's comments. "We're not ready to make a deal". His comments came after trade talks between the two countries stalled earlier this month. Huawei has made it clear that their preference would be for a settlement of trade hostilities between U.S. and China which will likely also resolve their own issues with the United States government.

China has escalated its anti-U.S. discourse since the talks faltered and Trump blacklisted Huawei Technologies Co. and scores of its affiliates earlier this month in a bid to stymie its access to the US market.

The loss of both the software and hardware necessary for the production of smartphones will hurt Huawei's sales outside of China, giving Samsung a window of opportunity to improve its market share.

The Trump administration has restricted USA technology sales to Huawei, although some of the restrictions have been put on a 90-day hold to give US companies time to make adjustments. However, he was also optimistic that the two sides could eventually reach an agreement.

However, Huawei founder Ren Zhengfei has disclosed in an interview with Bloomberg that he would protest a Chinese boycott against Apple, even referring to the Cupertino-based organization as his "teacher".

"I think some time in the future China and the United States will absolutely have a great trade deal", Trump said.

Following the sanctions, major U.S. tech giants such as Google and Microsoft severed ties with the Chinese company.

Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to Huawei.

The administration is reportedly also considering restrictions on as many as five other Chinese technology companies, on the grounds that they committed human rights abuses.

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