President Trump’s announcement, via Twitter, that the U.S. would not be imposing new tariffs on China on March 1st sent the markets wild in Beijing and New York, but where does this development leave his side-war with Huawei?
On Sunday, Huawei blew the roof off the first day of the Mobile World Congress in Barcelona with the launch of its $2600 folding smartphone. This announcement coming the same day that President Trump tweeted what amounted to a truce in the ongoing trade war with China. The world’s media went crazy over the new 5G Huawei Mate X, and the markets did the same after Trump’s tweet. Both events caused a global stir for very different reasons, but the connection between one of tech’s biggest and fastest growing players and the 45th president of the United States runs deeper than it might seem at first glance from the outside.