You are here: Home » International » News » Others
Business Standard

Trump working with President Xi to help restart China's ZTE

The ban is the result of ZTE's failure to comply with an agreement with the US government

Reuters 

Xi Jinping, Donald Trump

US said on Sunday that he and Chinese are working to give company Corp "a way to get back into business, fast."

"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 lost. Commerce Department has been instructed to get it done!" Trump wrote on

The Chinese company earlier this month suspended its main operations after the banned American supplies to its

The ban is the result of ZTE's failure to comply with an agreement with the after it pleaded guilty last year to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and to Iran, the Commerce Department said.

As one of the world's largest telecom equipment makers, relied on U.S. companies such as and for components.

American companies are estimated to provide 25 percent to 30 percent of the components used in ZTE's equipment, which includes and gear to build

 

First Published: Mon, May 14 2018. 00:54 IST
RECOMMENDED FOR YOU