Penalties against China telecom giant ZTE become a bargaining chip as White House, Chinese officials discuss potential trade deal - News Summed Up

Penalties against China telecom giant ZTE become a bargaining chip as White House, Chinese officials discuss potential trade deal


The talks are fluid, and President Trump has shown a willingness to veer between extremes in how he interacts with Beijing. “President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast,” Trump tweeted. The Treasury and Commerce Departments have been strongly aligned against ZTE as recently as several days ago in one of the toughest actions to date against a Chinese company. Recently, the Trump administration also has sought to limit the encroachment of Chinese telecommunications firms in the United States. But nowhere is the United States' trade relationship as complicated as with China.


Source: Washington Post May 13, 2018 15:56 UTC



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