Trump intervening to get ZTE back in business
In this article (5)
n an unexpected twist in the ongoing saga over the ban on ZTE importing US components, president Donald Trump has indicated he may throw a lifeline to the Chinese vendor.
On Sunday, Trump tweeted on his official account that he is working with Chinese president Xi Jinping on a resolution that will allow ZTE to resume operations.
“President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!,” he wrote.
ZTE was forced to cease major operations last week as a result of the import ban imposed on the vendor by the US Department of Commerce’s Bureau of Industry (BIS) in April.
The ban was originally imposed last year but automatically suspended on the condition that ZTE comply with its settlement agreement over the investigation into the vendor’s sale of telecoms equipment including US components to Iran, in violation of US sanctions.
Trump’s announcement comes as the US and China are conducting trade talks aimed at resolving the disputes between the world’s two largest economies. Chinese vice premier Liu He reportedly met with officials in Washington on Friday, while Xi’s top-ranking economic adviser plans to visit this week to continue the
Questions & Answers
Q.Why was ZTE forced to cease major operations last week?
Why was ZTE forced to cease major operations last week?
ZTE was forced to stop operations due to an import ban imposed by the US Department of Commerce’s Bureau of Industry. This ban was a result of ZTE’s violation of US sanctions by selling telecoms equipment with US components to Iran.
Q.What is the US President’s current stance on the ZTE ban?
What is the US President’s current stance on the ZTE ban?
President Trump has indicated he is working with Chinese President Xi Jinping to find a resolution. He has instructed the Commerce Department to allow ZTE to resume operations, citing concerns about job losses in China.
Q.What prompted President Trump’s intervention regarding ZTE?
What prompted President Trump’s intervention regarding ZTE?
Trump's announcement comes while the US and China are engaged in trade talks to resolve disputes between the two economies. He mentioned working with President Xi Jinping on a resolution.
Q.When was the ban on ZTE originally imposed?
When was the ban on ZTE originally imposed?
The ban was originally imposed last year but was automatically suspended. It was then reimposed by the US Department of Commerce’s Bureau of Industry in April after ZTE failed to comply with its settlement agreement.