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Trump defends intervention to help China telecom company ZTE

Reuters  |  WASHINGTON 

By Roberta Rampton 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.Trump, known for his fiery rhetoric against Chinese trade practices he says hurt U.S. jobs, faced backlash from both Republican and Democratic lawmakers after he pledged 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 Commerce ...

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First Published: Tue, May 15 2018. 02:40 IST