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Trump could ease up on Huawei if China trade talks advance: Mnuchin

Donald Trump has put Huawei on a blacklist that effectively bans U.S. firms from doing business with American companies.

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India and South Korea have a free trade agreement under which there is no import duty on telecom equipment; Huawei, on the other hand, has to pay hefty duties

Reuters
US Treasury Secretary Steven Mnuchin said on Sunday that President Donald Trump might ease U.S. restrictions on Huawei if there was progress in the trade row with China - but absent a deal, Washington would maintain tariffs to cut its deficit.

"I think what the president is saying is, if we move forward on trade, that perhaps he'll be willing to do certain things on Huawei if he gets comfort from China on that and certain guarantees," Mnuchin said. "But these are national security issues."

Washington has imposed and then toughened import tariffs on Chinese goods in a bid to reduce the