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

Reuters  |  WASHINGTON/BEIJING 

By Valerie Volcovici and Michael MartinaWASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump pledged on Sunday to help ZTE Corp "get back into 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.Trump's unexpected announcement was a stunning reversal, given Washington's tough stance on Chinese trade practices that have put the world's two largest economies on course for a possible trade war.Sources briefed on the matter said Beijing had demanded the ZTE issue be resolved as a ...

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First Published: Mon, May 14 2018. 18:00 IST
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