Key Words: Trump says he’ll step in over Huawei executive if needed; cites progress over trade

President Donald Trump said he’s ready to intervene in a growing crisis over a Chinese telecommunications executive if it can help trade relations with the country.

Trump made the comment in an interview with Reuters that published Tuesday.

“If I think it’s good for the country, if I think it’s good for what will be certainly the largest trade deal ever made – which is a very important thing – what’s good for national security – I would certainly intervene if I thought it was necessary.”

— U.S. President Donald Trump

Huawei Technologies Co.’s chief financial officer Meng Wanzhou was granted bail by a Canadian judge on Tuesday after more than a week in detention, but will be subject to close monitoring. She was arrested on Dec. 1 in Vancouver at the behest of the U.S. government over charges that she defrauded banks in the company’s dealings with Iran.

China has strongly protested her detention, while the company and Meng have denied any wrongdoing. Some are concerned her arrest could jeopardize trade talks between the U.S. and China.

Trump told Reuters he had not yet discussed the Huawei executive’s arrest with Chinese President Xi Jinping.

He also said that he had heard China was “buying tremendous amounts of soybeans,” from the U.S. following a Dec. 1 cease-fire after the G-20 meeting, and believed China will go ahead with tariff cuts on U.S. autos, speculation of which helped rally that sector on Tuesday.

Optimism over trade negotiations between the U.S. and China helped drive gains for stocks overall early Tuesday, with stock futures again up early Wednesday.

Elsewhere in the interview, Trump said it would be “foolish” for the Federal Reserve to raise interest rates next week, saying he needs “accommodation too,” as he fights trade battles. Still the president said that Fed Chairman Jerome Powell, who he has criticized before, “is a good man.”

Trump also said he did not fear impeachment, saying payments made to keep two women quiet ahead of the 2016 election by former personal attorney Michael Cohen weren’t in violation of laws governing campaign finance.

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