In a concession, Trump will help China's ZTE 'get back into business

In a concession, Trump will help China’s ZTE ‘get back into business

Technology News

In a concession, Trump will help China's ZTE 'get back into business

In a concession, Trump will help China's ZTE 'get back into business

 

In a concession, Trump will help China's ZTE 'get back into business'. U.S. President Donald Trump pledged on Sunday to help ZTE Corp “get back into the business, fast” after a U.S. ban crippled the Chinese technology company, offering a job-saving concession to Beijing ahead of high-stakes trade talks this week.

 

ZTE suspended its main operations after the U.S. Commerce Department banned American companies from selling to the firm for seven years as punishment for ZTE breaking an agreement reached after it was caught illegally shipping U.S. goods to Iran. Read more here.

 

Sources briefed on the matter said Beijing had demanded the ZTE issue be resolved as a prerequisite for broader trade negotiations.

“Too many jobs in China lost. Commerce Department has been instructed to get it done!” Trump wrote on Twitter, saying he and Chinese President Xi Jinping were working together on a solution for ZTE.

The U.S. Commerce Department last month banned American companies from selling to the firm for seven years as punishment for ZTE breaking a 2017 agreement after it was caught illegally shipping U.S. goods to Iran and North Korea, an investigation dating to the Obama administration.

JADIRI GAMER

Jadiri Gamer "THE MORE YOU KNOW" Gamers Entertaining Gamers
Fandomfare Gaming Entertainment no.1 source in, Gaming news, Live Game Streaming , PC Gaming & related Events E3, Gamecon and more, eSports event news and releases gaming technologies.

Fandomfare Gaming Entertainment Video Games | Game Reviews | Game Streaming |Linux Distribution | more than 20-year online gaming and following the gaming industry\

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.