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Trump defends intervention on China's ZTE

Reuters  |  WASHINGTON 

By David Lawder and Karen FreifeldWASHINGTON (Reuters) - President Donald Trump on Monday defended his decision to revisit penalties for Chinese company ZTE Corp for flouting U.S. sanctions on trade with Iran, saying the telecom maker is a big buyer for U.S. suppliers.The U.S. Commerce Department is exploring options besides a supplier ban to punish ZTE , Commerce Secretary Wilbur Ross said on Monday. The review came after Trump pledged in a tweet to work with Chinese President Xi Jinping to help ZTE, saying too many jobs in China had been lost.The company shut its main operations after the ...

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First Published: Tue, May 15 2018. 01:58 IST