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Working with Xi to get ZTE back into business: Trump

Press Trust of India  |  Washington 

US today said that he is working with his Chinese counterpart to give China's a way to get back into

Early this month, had urged the to give a stay on its order that banned it from acquiring American companies.

"Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast," Trump said in a tweet.

"Too many jobs in lost. Commerce Department has been instructed to get it done!" tweeted Trump.

described it as the US giving a lifeline to the sanctioned

"The intervention comes less than a month after the Shenzhen-based firm was hit by the ban. The company said the ban threatens its survival, and last week said it had ceased major operations," the daily said.

"ZTE has been at the center of the trade dispute between the US and since it was hit with the sales ban last month for violating the terms of a settlement resolving evasion of US sanctions against and

"Chinese officials raised the issue of the ban last week during a visit to by a US trade delegation," the daily reported.

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

First Published: Mon, May 14 2018. 00:55 IST