President Trump working to get ZTE back into business

President Trump working to get ZTE back into business

US President Donald Trump has said he wants to help save ZTE, one of China's biggest telecoms companies.

The president said he is working with Chinese President Xi Jinping and the U.S Commerce Department, which "has been instructed to get it done".

The whole thing led many to speculate about whether or not Trump had another reason for his sudden about-face on ZTE.

The news came less than a month after the US Commerce Department banned ZTE from buying US-made components, such as semiconductors, for seven years, effectively wrecking its supply chain.

President Donald Trump has instructed his Commerce Department to help get a Chinese telecommunications company get "back into business" after the United States government cut off access to its American suppliers.

ZTE said it is working with the Trump administration to reverse the sanctions and "forge a positive outcome in the development of the matters".

In 2016 the Obama administration announced that it was punishing the company for its alleged sanctions violations by restricting the sale of key USA exports to ZTE, but weeks later it suspended the punishment after the telecom equipment maker agreed to work with US authorities.

President Donald Trump's crackdown on trade claimed a massive victim this week, with Chinese tech giant ZTE shutting down most of its operations in recent days.

Google's Virtual Assistant Mimics Human Voice To Book Appointments
Pichai's careful tone seemed to share his predecessors' opinion, in their annual letter to investors last April, about AI. There's also a new "Shush" feature that automatically enables Do Not Disturb when a phone is turned face down on a table.

Given that USA sanctions were imposed on ZTE due to threats to national security and its violation of trade sanctions with Iran and North Korea, Trump's desire to give the company another chance in the U.S.is truly unexpected.

ZTE said in an announcement Wednesday that "the major operating activities of the Company have ceased".

ZTE did not immediately respond to a request for comment. A host of big technology companies in China are racing to build out this network, sparking concerns from USA officials that a shifting reliance on technology developed outside of the US could empower Beijing to hack or spy on American businesses and other institutions.

Qualcomm last month said it expected lost sales to ZTE to lower its earnings by 3 cents per share in the current quarter.

ZTE's shutdown is perhaps the most severe sanction facing a single company in the escalating trade tension between the U.S. and China.

Against that background, the Trump administration has barred military and government employees from using smartphones from ZTE and fellow Chinese maker Huawei.

ZTE, which makes telecoms equipment and handsets, is still "actively communicating" with the United States side "to facilitate the modification or reversal" of the ban and "forge a positive outcome", the filing said. ZTE provides services for 100 million users in India, 300 million users in Indonesia, and 29 million users in Italy, the official said.

Related Articles

  • WHO plans for Ebola 'worst case scenario'

    WHO plans for Ebola 'worst case scenario'

    He said, however, that there are many complications in using an experimental vaccine , and it's not a simple logistical effort. The DRC Red Cross has responded to all past Ebola outbreaks in the country and has a strong, in-country network of experts.
    Five 'most wanted' ISIS leaders CAPTURED in Iraq

    Five 'most wanted' ISIS leaders CAPTURED in Iraq

    Those held include Syrian national Saddam Jamal, who served as the so-called Daesh governor of Syria's eastern Euphrates region. His tweet came after Iraqi officials confirmed the results of the three-month cross-border operation.
    Choctaw Nation selected as site for program aimed at expanding drone flights

    Choctaw Nation selected as site for program aimed at expanding drone flights

    Many folks have purchased drones as novelties, but some of the most interesting work with the aircraft are business uses. Uber will work with San Diego to create drone landing stations and ports.
  • Volcano observatory warns of further 'explosive eruptions' in Hawaii

    Volcano observatory warns of further 'explosive eruptions' in Hawaii

    On May 3, the Kilauea volcano erupted forcing almost 2,000 people out of their homes and destroying dozens of buildings. The small, aptly named town of Volcano, Hawaii, population 2,500, is about three miles from the summit.
    Indonesians protest USA  recognition of Jerusalem as capital

    Indonesians protest USA recognition of Jerusalem as capital

    The protest was the latest in a series of protests across the Islamic world sparked by Trump's announcement in December. It said thousands of Jordanians took part in protest marches in support of Jerusalem and the Palestinian people.
    Ford Motor Suspends F-150 Truck Production At Two Assembly Plants

    Ford Motor Suspends F-150 Truck Production At Two Assembly Plants

    F-150 production has been suspended at the Ford plant in Claycomo, Missouri, after a fire at a parts supplier. All told, Ford could lose production of 15,000 trucks per week if both Kansas City and Dearborn plants close.
  • Zinedine Zidane refuses to discuss his Real Madrid future

    Zinedine Zidane refuses to discuss his Real Madrid future

    What nonsense! Together we won the World Cup. "They deserve it and that's what we are going to try to do tomorrow". Real Madrid have made PSG forward Neymar a priority target with the summer transfer window on the horizon.
    Modi visits Nepal to restore neighbourly ties

    Modi visits Nepal to restore neighbourly ties

    He also said that the work has begun on the detailed project report for linking Kathmandu to India via rail network. Adityanath received the Janakpur-Ayodhya Bus flagged off by Prime Minister Narendra Modi on Friday.
    Oil jumps after US abandons Iran deal, plans 'highest level' sanctions

    Oil jumps after US abandons Iran deal, plans 'highest level' sanctions

    Oil prices pared losses after dropping sharply Tuesday on the back of mounting uncertainty around the Iran nuclear deal . Saudi Arabia also backed Trump's decision on his country withdrawing from the Iran nuclear deal.
  • Supreme Court agreed to reiterate Justice Joseph's name for elevation to SC

    Supreme Court agreed to reiterate Justice Joseph's name for elevation to SC

    According to current norms, a unanimous reiteration must be agreed to by the Centre and the Judge must be sworn in. Justice Joseph is now deputed as the Chief Justice of Uttarakhand High Court .
    From Flipkart vs Amazon, Now it's Walmart vs Amazon

    From Flipkart vs Amazon, Now it's Walmart vs Amazon

    The combination with Walmart could be controversial, with concerns about how a deal might affect India's smaller retailers. While Flipkart isn't expected to be profitable soon, Gutman does believe there is long-term growth potential in India .
    In the AHL played the longest match

    In the AHL played the longest match

    Until Krushelnyski - son of former NHL All-Star Mike Krushelnyski - finally beat Alex Nedeljkovic, who finished with 51 saves. The game had started at 7pm on Wednesday night in Charlotte, North Carolina, but lasted six hours six minutes.