President Trump says he’s working to prevent the collapse of the Chinese electronics company ZTE, which has admitted to violating U.S. sanctions by shipping U.S. technology to Iran and North Korea. The U.S. banned American companies from selling technology to ZTE last month, causing the company to announce it would suspend operations. But on Sunday Trump tweeted, “President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!” Trump’s move comes ahead of high-level trade talks between the U.S. and China later this week.
In Reversal, Trump Trying to Save Chinese Company Hit by U.S. Sanctions
HeadlineMay 14, 2018