And then sanity prevailed. On Sunday, US President Donald Trump effectively lifted the ban on US firms dealing with Chinese telecoms giant Huawei. This follows a turbulent six weeks where the threat of not being able to buy from US firms sent the telecoms industry and its supply chain into chaos.
We’ve all had questions, ever since it first was announced that Huawei is losing access to Google’s Android operating system. There was talk of a backup OS (which may or may not happen), a delayed notebook, and through it all Huawei has remained… remarkably calm.
Trump’s trade war is based on a simplistic understanding of the trade balance. Expanding tariffs to more and more goods will weigh on U.S. consumers, workers and businesses. And there’s no guarantee that the final outcome will be good when the dispute ends.