The U.S. and China are about to declare a pause in their trade warPosted on January 15, 2020
The Trump administration’s immediate focus is tightening restrictions on Huawei Technologies Co., the giant Chinese telecommunications company that the White House and Congress view as a national security threat. The Commerce Department recently sent to the Office of Management and Budget new regulations that would largely eliminate a loophole that allowed U.S. companies to sell to Huawei from their overseas facilities, said people familiar with the actions.
Some lawmakers and national-security experts say Huawei’s equipment would allow Chinese leaders to spy on Americans, which the company has regularly denied. A Huawei spokesman didn’t immediately return a request for comment on the potential restrictions.