When President Trump announced plans over the weekend to ease trade restrictions on Huawei, it seemed to upend America’s crackdown on the Chinese tech giant.

“At the request of our High Tech companies, and President Xi, I agreed to allow Chinese company Huawei to buy product from them which will not impact our National Security,” Trump tweeted after a meeting with the Chinese president. Tech stocks have soared in the wake of the statement, anticipating a rollback to the damage done by the commerce order in May.

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