Speaking at a press conference in Osaka, Saturday, Trump said that the US sells a "tremendous amount of product" to Huawei. "That's okay, we will keep selling that product", said Trump.

"US companies were not exactly happy that they couldn't sell", he admitted.

The US Commerce Department formally added Huawei to the list of companies the US government considers to be undermining its interests in May.

It effectively meant that companies would need to apply for a US export license to sell to Huawei, cutting off its primary supply chain.

Trump added that while he did discuss Huawei, he didn’t talk about Huawei Chief Financial Officer Meng Wanzhou, who is detained in Canada and facing extradition to the US.

"We did discuss Huawei but didn't discuss her situation", Trump said.