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Part of the US China trade truce is already drawing bipartisan criticism from Republican senators

huaweiREUTERS/Jorge Silva/File photo

  • An important part of the newly announced US-China trade truce might already be in trouble in the Senate.
  • President Donald Trump says US companies can continue selling products to Chinese tech giant Huawei, which appeared to contradict a Commerce Department rule that says they can't make those sales without a government license.
  • Democrat Chuck Schumer and Republicans Marco Rubio both said they oppose Trump's announcement, and Rubio said a large majority of the Senate would support a law backing up the Huawei ban.
  • Visit Business Insider's home page for more stories.

The trade war truce between the US and China might be running into trouble as members of the Senate criticize a crucial part of the deal.

A major part of the trade dispute is the Trump administration's decision to bar US companies from selling goods to Chinese tech giant Huawei. On Saturday Trump said sales to Huawei can continue, although he also suggested it wouldn't be removed from the blacklist yet as negotiations continued.See the rest of the story at Business Insider

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See Also:

  • Wall Street was ready for the latest twist in the trade war. Here's how experts think Trump and Xi's trade truce will play out.
  • The trade war has crippled collaboration across countries — but Morgan Stanley sees the shift opening up several investing opportunities
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SEE ALSO: Wall Street was ready for the latest twist in the trade war. Here's how experts think Trump and Xi's trade truce will play out.

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