https://www.asiatimes.com/
President Trump needs a trade deal with China as quickly as possible to avert a sharp slowdown of the US economy, as recent polls have made clear. There won’t be any deal unless the US finds some way to walk back its efforts to keep China’s top telecommunication firm Huawei out of world markets. The summary dismissal today of National Security Adviser John Bolton increases the prospects of a deal, although the immediate motivation for Bolton’s departure most likely lies elsewhere.
China and the United States seemed on track for a trade deal in early December 2018 when XI Jinping and Donald Trump dined on the sidelines of a summit meeting in Buenos Aires – except that Canada arrested Huawei CFO Meng Wangzhou at the Vancouver Airport. Trump didn’t know about the arrest, but his national security adviser John Bolton did, as Bolton later said in a radio interview.
A few weeks earlier, the US government began a campaign to persuade its allies to exclude Huawei from the rollout of 5G broadband networks, as the Wall Street Journal first reported Nov. 23, 2018. The Meng Wanzhou arrest, the first use of extraterritorial powers in the case of an alleged sanctions violation, was a declaration of war on the Chinese national champion. In the ensuing months, the United States banned US technology firms from supplying components and software to Huawei and demanded that its allies boycott its 5G network systems.