Trump said in a Sunday morning tweet, posted minutes after arriving at his golf course in Virginia, that he and Chinese leader Xi Jinping are working together to give ZTE “a way to get back into business, fast”. Commerce Department has been instructed to get it done! 2 Chinese telecom company, which regards the next two weeks as crucial as it faces potential collapse. ZTE has been trying to resolve the blockade that Trump’s Commerce Department imposed in April as punishment for violating the terms of a 2017 sanctions settlement, then lying about it. The moratorium disrupted these relationships, putting the Chinese company on life support.

Source: Mint May 13, 2018 17:03 UTC