Codebook – May 23, 2019

After dramatic U.S. moves to shut Huawei off from suppliers, the Chinese telecom manufacturer received a 90-day reprieve from the Department of Commerce Monday, placing a question mark over the broader anti-Huawei campaign.

Why it matters: A similar previous U.S.-China trade tussle flipped from confrontation to accommodation, leaving experts and lawmakers wondering what the mercurial Trump administration’s endgame with Huawei will be.

The big picture: The Huawei case and last year’s ZTE conflict seem to share the same outline: A massive Chinese telecom manufacturer accused by the United States of violating sanctions and participating in espionage gets struck with a ban on U.S. technology exports, only to be saved at the last second.