ZTE had serious difficulties last week when the Chinese tech giant announced that it had "ceased its major operations" as a result of a ban that prevents US companies from selling hardware and software at the company. But he may have found an unlikely savior in the form of Donald Trump, who tweeted that he was working with Chinese President Xi Jinping to find a way for ZTE to "get back to work, quickly."
President Xi of China and I are working together to give the big Chinese telephone company, ZTE, a way to get back to work quickly. Too many jobs lost in China. The Commerce Department has been instructed to do it!
- Donald J. Trump (@realDonaldTrump) May 13, 2018
The Commerce Department banned US companies from selling to ZTE for seven years last month. The penalty arose after ZTE broke a plea agreement following last year's admission that it had violated the sanctions by selling technology manufactured in the United States in Iran and North Korea. .
25% of ZTE's components come from American companies, such as Intel and Qualcomm. He said the ban will not only have a severe impact on the survival and development of ZTE, but will also cause damage to all ZTE partners, including a large number of US companies. "
The situation was an escalation in the trade dispute between China and the United States, but Trump's tweet could see a thaw in relations between countries. The overthrow of the president comes as US officials prepare for talks with Liu He, senior Chinese trade official in Washington.
ZTE paid more than $ 2.3 billion to 211 US exporters in 2017 and the company has more than 80,000 employees. Part of Trump's tweet reads: "Too many jobs lost in China."
White House spokeswoman Lindsay Walters said, "The President's tweet highlights the importance of a free, fair, balanced and mutually beneficial economic, trade and investment relationship between the United States and China.The administration is in contact with China on this issue, inter alia in the bilateral relationship.Trump President expects the secretary [Commerce] [Wilbur] Ross exercise its independent judgment, in accordance with applicable laws and regulations, to resolve the regulatory action concerning ZTE based on its facts. "
Several hours after his first tweet, Trump posted another message assuring people that "everything will be fine."
China and the United States work well together on trade, but past negotiations have been so one-sided in favor of China, for so many years, that it is difficult for them to conclude a agreement that benefits both countries. But be cool, everything will be fine!
- Donald J. Trump (@realDonaldTrump) May 13, 2018
The tweets seem to have divided the opinion. Some analysts welcome the improved ties between the United States and China, while others argue that ZTE technology poses a threat to national security and that harsh penalties against the US government are still in place. company should remain in place.
[ad_2]
Source link