"ZTE 'SMALL COMPONENT' OF DEALTrump also said that possible modifications to crushing restrictions that have paralyzed Chinese telecommunications equipment maker ZTE Corp could be part of a trade deal. He said on Twitter on Sunday that he had ordered the U.S. Commerce Department to put ZTE back in business.He said that Xi had asked him to look into the matter and he agreed to do so, adding that ZTE bought a lot of components from U.S. "Anything we do with ZTE, it’s just a small component of the overall deal. I can only tell you this: We’re going to come out fine with China. Hopefully, China will be happy, I think we’ll be happy," Trump said.Trump has threatened to impose up to $150 billion in punitive tariffs to combat what he says is Beijing's misappropriation of U.S. technology through joint venture requirements and other policies.

Source: The Star May 18, 2018 00:00 UTC