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

Reuters  |  WASHINGTON 

(Reuters) - U.S. said in a tweet on Sunday that he has asked the Commerce Department to help Chinese company Corp "get back into business, fast," a concession to ahead of high-stakes trade talks that will take place this week.

ZTE, one of the world's largest telecom equipment makers, suspended its main operations after the banned American supplies to its

Trump's offer to help comes as Chinese and U.S. officials prepare for talks in with China's top to resolve an escalating trade dispute between the world's two largest economies.

Trump's reversal will likely have a significant impact on ZTE's U.S. suppliers such as and U.S. companies are banned from exporting goods to ZTE, making it difficult for the phonemaker to manufacture new products or update older ones.

"Too many jobs in lost. Commerce Department has been instructed to get it done!" Trump wrote on Twitter, saying he is working with Chinese on a solution.

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.

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

The Commerce Department did not immediately respond to a request for comment on Sunday.

(Reporting by and Chris Sanders, additional reporting by Karen Freifield; Editing by Lisa Shumaker)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, May 13 2018. 21:59 IST
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