US-China deal edges closer as Huawei gets a break

Markets were buoyant today as speculation rose that a US-China trade deal was imminent

No deal was done by the time everyone went to bed in Washington, but the US president had made some encouraging suggestions earlier in the day that they were close.

That followed a New York Times report that the US government plans to soon issue licenses allowing some American companies to supply “nonsensitive goods” to Huawei Technologies. In a meeting last week, President Trump gave the green light to begin approving the licenses, which will allow a select few American companies to bypass a ban placed on Huawei this year.

Tell us what you think