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In concession, Trump will help China’s ZTE ‘get back into business’

U.S. President Donald Trump said on Sunday he will help Chinese technology company ZTE Corp “get back into business, fast,” after being crippled by a U.S. ban, a concession to Beijing ahead of high-stakes trade talks this week. ZTE suspended its main operations after the U.S. Commerce Department banned American companies from selling to the firm for seven years as punishment for ZTE breaking an agreement reached after it was caught illegally shipping U.S. goods to Iran. Trump’s instructions to the Commerce Department, stated in a tweet, come as Chinese and U.S. officials prepare for talks in …read more […]

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Business News

In concession, Trump will help China’s ZTE ‘get back into business’

WASHINGTON (Reuters) – U.S. President Donald Trump said in a tweet on Sunday that he has asked the Commerce Department to help Chinese technology company ZTE Corp “get back into business, fast,” a concession to Beijing ahead of high-stakes trade talks that will take place this week.

…read more […]

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Bolton – U.S. sanctions ‘possible’ on European firms over Iran

White House National Security adviser John Bolton on Sunday said U.S. sanctions on European companies that do business with Iran were “possible, but Secretary of State Mike Pompeo said he remained hopeful Washington and its allies could strike a new nuclear deal with Tehran. U.S. President Donald Trump on May 8 announced that the United States was withdrawing from a 2015 deal negotiated by the Obama administration. …read more […]

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Business News

In concession, Trump says will help China’s ZTE ‘get back into business’

WASHINGTON (Reuters) – U.S. President Donald Trump said in a tweet on Sunday that he has asked the Commerce Department to help Chinese technology company ZTE Corp “get back into business, fast,” a concession to Beijing ahead of high-stakes trade talks that will take place this week.

…read more […]