Vascular institute, Hospital in Seattle, Washington

In an interview with CNBC on Tuesday, the White House's trade advisor, Peter Navarro, announced that the Donald Trump administration will continue to prohibit Huawei from marketing its 5G Internet technology in the US, which Washington fears the company may use to spy for the Chinese government, Efe news reported.The US policy toward Huawei has not changed and will not change, Navarro said."All we've done basically is to allow the sale of chips to Huawei and these are lower tech items which do not impact national security whatever.""Selling chips to Huawei, a small amount of chips - less than $1 billion a year - in the short run is small in the scheme of things," Navarro said.He said that Trump is committed to making the US the leader in the race to develop 5G technology, building companies like Nokia and Ericsson in Europe to contribute to the process.Currently, Huawei is very popular in Europe and is leading in the fight for control of 5G wireless networks which will enable users to surf the Internet much more quickly and could facilitate the development of self-driving vehicles, techniques for performing surgery by remote control and other procedures that it now puts within reach.In the face of that, the US is leading a global campaign to prevent Huawei from developing 5G technology and has been pressuring the European Union to restrict the firm's activities.At the recent G20 summit in Osaka, Japan, Trump and his Chinese counterpart Xi Jinping agreed on a trade truce whereby Washington held off on imposing new tariffs on Chinese goods and agreed to allow US companies to sell products to Huawei.To date, few details have been revealed about the measures that Washington will take vis-a-vis Huawei and, in fact, the Treasury Department still must decide if it will lift the ban it imposed on the company in May which prevents it from using US components.Specifically, the Treasury in mid-May included Huawei on a black list preventing US firms from selling original components - that is, computer chips - to it without prior administration approval, given the suspicions that China's leader in developing next-generation 5G Internet technology could use those systems for espionage.The negotiations between Beijing and Washington to resolve their trade war have resumed and "We're headed in a very good direction," Navarro said. "It's complicated, as the president said, correctly, this will take time and we want to get it right. So let's get it right.""This is a very complicated process," Navarro said. "We had a deal that was over 150 pages long with seven different chapters" at the time the negotiations stagnated, which is still "the basis now for moving further forward."( With inputs from IANS )

Vascular InstituteFOLLOW

Vascular institute, Latest News

When Indian Prime Minister Narendra Modi visits the US in September for the Climate Action Summit convened by UN Secretary-General Antonio Guterres, he is expected to visit Houston to attend a massive Indian diaspora rally, according to a source fami ...

The heads of the negotiating teams of China and the US have spoken on how to implement the consensus reached by the Presidents of the two countries, the Chinese Commerce Ministry said on Wednesday. ...

The ruler of Qatar, one of the handful of Arab nations on good terms with Tehran, met with President Donald Trump for talks expected to touch on Doha's offer to help ease tensions between the US and Iran. ...

Pakistan Prime Minister Imran Khan has expressed his desire to stay at the country's ambassadors official residence in Washington instead of an expensive hotel during his three-day visit to the US starting on July 21, the media reported on Monday. ...

Iran on Sunday announced it would raise its uranium enrichment level beyond the 3.67 per cent level, beyond limits of the 2015 landmark nuclear deal. ...

US President Donald Trump has blamed a faulty teleprompter for his claim at a July 4th event that the Continental Army "took over the airports" during the Revolutionary War. ...

US President Donald Trump on Tuesday said it is "not good" Iran has breached its stockpile limit of low-enriched urum. ...

The White House has said that Chinese tech giant Huawei will remain banned from developing its 5G wireless networks in the US, although US firms will be allowed to sell small components such as chips to the Chinese company. ...