Trump tweeted today, "Nothing has happened with ZTE except as it pertains to the larger trade deal." He added that, "We have not seen China's demands yet." He also said: "There has been no folding as the media would love people to believe."
Trump tweeted his support for ZTE earlier this week, putting the president at odds with the Commerce Department and its decision to impose trade restrictions on the company amid allegations it violated US sanctions.
Trump has also drawn criticism from Democrats and Republicans that the company poses a national security risk. Sen. Marco Rubio, R-Fla., questioned how the U.S. would be able to enforce the "cancellation" of the Iran deal "if we are not going to be enforcing it on companies in powerful countries that are helping Iran evade sanctions already."
Rubio said the Chinese telecom companies are "agents of the Chinese government. And they don't just steal national security secrets, they steal commercial secrets. They will use a ZTE phone to spy on any American company and steal their intellectual property.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)