China defence minister says Huawei not a military company
Singapore: Huawei is not a military company despite its founder Ren Zhengfei's previous career in the army, China's Defence Minister General Wei Fenghe said Sunday, amid growing US-China tensions over trade and technology in which the Chinese telecom giant has been a main target.
The US placed Huawei on an "entity list" on grounds of national security on May 16, a move that curbs its access to US-made components it needs for its equipment. The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.
The Trump administration later issued a 90-day reprieve on its ban on dealing with Huawei, saying breathing space was needed to allow for software updates and other contractual obligations.
"Huawei is not a military company. Do not think that because the head of Huawei used to serve in the military, then the company that he built is part of the military," General Wei said while speaking at the Shangri-La Dialogue in Singapore.
"It doesn't make sense because these sorts of ex-servicemen, upon their retirement, a lot of them have set up companies in countries across the world," said General Wei, who is the first Chinese defence minister to attend the forum since 2011.
China's commerce ministry last week said it will release its own list of "unreliable entities". General Wei also said that the door is still open for talks with the US on the trade issue.
"On the trade friction started by the US: if the US wants to talk, we will keep the door open. If they want to fight, we are ready," he said.
The US and China are locked in a bitter, year-long trade dispute which has seen the Trump administration recently boost tariffs on USD 250 billion of Chinese goods.
Trump is demanding China to reduce the massive trade deficit which last year climbed to over USD 539 billion. He is also pressing for verifiable measures for protection of intellectual property rights (IPR), technology transfer and more access to American goods to Chinese markets.
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Trump says EU has until July 4 to approve last year's trade deal or it will face higher tariffs
Washington (AP): President Donald Trump has said in a social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4.
The announcement on Thursday appeared to be a deadline extension after the president said last Friday that EU autos would face a higher 25 per cent tariff starting this week. Trump made the updated announcement after what he described as a "great call" with European Commission President Ursula von der Leyen.
Still, the US president was displeased that the European Parliament had yet to finalize the trade arrangement reached last year, which was further complicated in February by the US Supreme Court ruling that Trump lacked the legal authority to declare an economic emergency to impose the initial tariffs used to pressure the EU into talks.
"A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO!" Trump posted. "I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels."
It was unclear from the post whether Trump was implying that the tariff rates would jump on all EU goods or the increase would only apply to autos.
His latest statement indicates he might be backing away from his earlier threat on EU autos by giving the European Parliament several more weeks to approve the agreement.
Under the original terms of the framework, the US would charge a 15 per cent tax on most goods imported from the EU.
But since the Supreme Court ruling, the administration has levied a 10 per cent tariff while investigating trade imbalances and national security issues, aiming to put in new tariffs to make up for lost revenues.
