New round of U.S.-China trade talks begins Tuesday

New round of U.S.-China trade talks begins Tuesday

Separately, the UK's Department of Digital, Culture, Media & Sport is due to publish a government review of the country's telecoms infrastructure.

The equipment supplier faces bans in the U.S. and elsewhere over fears that the Chinese government could use its technology to spy on other countries. Chinese companies are obliged to co-operate with state intelligence agencies, prompting concerns that Huawei has built "mandatory backdoors" into its products that could facilitate espionage and interference.

Huawei has repeatedly denied any links to the Chinese Government apart from paying it their taxes.

The US has reportedly been pressuring the United Kingdom and other allies not to use Huawei technology for critical infrastructure, arguing that it could be too risky when the Chinese state is engaged in spying.

That determination was made by the UK's National Cyber Security Center (NCSC), according to a Financial Times report Sunday citing two unnamed sources familiar the conclusion, which hasn't been made public.

In the meantime, the National Cyber Security Centre (part of GCHQ, who can't really throw stones when it comes to sneaky spying) has concluded that if there is a risk, it can be handled. China has returned to the U.S. market for soybeans in recent months amid a temporary truce between the nations, but grain growers have been anxious to see evidence of demand for other crops.

More news: Oil rises on hopes for US-China trade breakthrough

The US has been putting pressure on allies to shun networks supplied by Huawei Technologies, threatening the company's access to global markets for next-generation wireless gear.

Huawei Chief Financial Officer Meng Wanzhou was arrested in Canada in December and faces possible extradition to the US. Last month Meng, who is the daughter of the Huawei founder, was charged with wire fraud that violated US sanctions on Iran.

The U.S. lacks a leading corporate player in the 5G supplier game, fuelling suggestions that Washington's drumbeat of fear is propelled by commercial worries as much as security and legal concerns.

The report doesn't offer any further details, and an official review from the United Kingdom government - which will likely be strongly influenced by the NCSC's findings - is expected in March or April.

If he does not extend the timeframe, the United States is set to more than double punitive import tariffs on $200 billion in Chinese goods.

Huawei said in a statement Monday that it's open to dialogue and that "cybersecurity is an issue which needs to be addressed across the whole industry".

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