Donald Trump says working with Xi Jinping to save telecom giant ZTE

Donald Trump says working with Xi Jinping to save telecom giant ZTE

Trump earlier in the day said he's working with Chinese President Xi Jingping to get Chinese company ZTE "a way to get back into business, fast".

The announcement by the fourth-largest wireless equipment maker in the country comes amid an escalating trade battle between the US and China.

ZTE announced Wednesday that "the major operating activities of the company have ceased".

United States commentators say the tone of the tweet is a dramatic shift for Mr Trump, who has consistently accused China of stealing U.S. jobs.

The extent of the impact of the Commerce Department ban on USA suppliers was noted by the ZTE official, who was not authorised to speak publicly, as Chinese and U.S. government officials discuss a Washington visit next week by China's top economic official. The export ban was placed on ZTE after the company violated USA sanctions and sold goods and services to Iran and North Korea. The punishment resulted in ZTE suspending all major operations, according to a May 10 statement.

Israeli Strikes In Syria Killed 19 Iranians This Week, War Monitor Says
No fewer than 11 Iranians were among those killed in unprecedented Israeli strikes on Syria this week, a monitor said Saturday. Israeli Prime Minister Benjamin Netanyahu said: "The Iranians declare their intention to attack us".

Raquel Pennington Is Amanda Nunes' Stiffest Opponent To Date
The UFC returns to Brazil and pay-per-view tonight, and the promotion has rolled out its "Embedded" treatment to preview UFC 224 . It's here now though, and ESPN's Cheat Sheet has you covered on everything to know ahead of UFC 224's main event .

Lieberman to Assad: 'Get Rid of the Iranians'
Iran's Supreme Leader Ali Khamenei has already said that Israel won't exist in 25 years if it continues to destabilize the region. Indeed, by Thursday morning, Israeli life returned to routine in the Golan Heights , with children going to school.

ZTE self-reported the discipline issue and corrected the mistakes, the ZTE official said, adding that the failure was not part of the same misconduct that led to last year's guilty plea. The company tried to quell concerns about its future in the statement. "As of now, the company maintains sufficient cash and strictly adheres to its commercial obligations subject in compliance with laws and regulations".

Granting a reprieve to ZTE - a firm with over 70,000 employees, over $17 billion in annual revenue and close ties to the government - doesn't fit with the strategy to hurt China, but then Trump's administration is hardly by the book and often times seemingly pragmatic. In March, Trump imposed tariffs on steel and aluminum coming into the US.

Recently, though, the Trump administration also has sought to limit the encroachment of Chinese telecommunications firms in the United States. Last week, Telstra said it would stop sales of ZTE smartphones, though it indicated it was "hopeful that ZTE will be able to reach a resolution to this matter soon so that we can recommence selling Telstra-branded ZTE devices".

For instance, MTN, a South Africa-based wireless carrier with 220 million customers throughout Africa and the Middle East, said the possibility ZTE would collapse forced the carrier to develop contingency plans.

Related news:

Hot News

isis-killer-beheading-video-story-top Australia sees its worst mass killing in 2 decades
May 13, 2018 - 11:19
Instead, Western Australia authorities are referring to what may have been a domestic incident as a "mass shooting ". Police would not comment on the possibility of murder-suicide, but said they are not looking for a suspect.

isis-killer-beheading-video-story-top Another Democratic Senator Announces Support For CIA Nominee Gina Haspel
May 13, 2018 - 11:05
Donnelly shared a few sentences about why he has chosen to support Haspel for CIA Director on Saturday. Haspel was born in Ashland to two parents who also hail from Kentucky.

isis-killer-beheading-video-story-top Trump reveals drug pricing plan
May 13, 2018 - 11:00
Health Secretary Alex Azar said the Food and Drug Administration would immediately examine requiring that information in TV ads. US patients spent almost $329 billion on prescription drugs in 2016, according to the National Health Expenditures Survey .

isis-killer-beheading-video-story-top Nintendo Switch to get Minecraft Bedrock update June 21
May 13, 2018 - 10:57
Nintendo of America President Reggie Fils-Aime issued the following statement about Minecraft's Bedrock upgrade. This marks a new milestone for the game and marks a big step for uniting Minecraft players across devices.

isis-killer-beheading-video-story-top Anwar to be pardoned and out on Tuesday
May 13, 2018 - 10:57
Mahathir has said he would not go on a witch hunt but that Najib will be brought to court if there was evidence of wrongdoing. He also issued a strong warning against graft, with corrupt officials to be replaced in an overhaul of government departments.

Google Play Store gets version 10.0.7 update
May 13, 2018 - 10:57
On the other, these same people run updates that will remind you that it is time to turn off the computer and do important things. These functions won't be the last ones from Google which have been created to aid users get less deflected because of technology.

isis-killer-beheading-video-story-top Former PM Mahathir Mohamad storms back to power in Malaysia
May 13, 2018 - 10:40
I apologise for any shortcomings and mistakes, and I thank you, the people, for the opportunity to lead our great nation. The corruption scandal revolves around a state fund, known as the 1Malaysia Development Berhad, commonly known as 1MDB.

isis-killer-beheading-video-story-top Five Red Sox Takes: Bullpen blows another one in the Bronx
May 13, 2018 - 10:37
Last night's Red Sox-Yankees game on YES averaged a 6.76 TV Household rating, 603,000 Total Viewers and 478,000 Households. The sinking Sox, now 8-9 since a 17-2 start, are in second place for the first time since March, when they were 1-1.

isis-killer-beheading-video-story-top Marcus Morris Knows he can Defend LeBron James
May 13, 2018 - 10:35
He joined Utah's Donovan Mitchell, who did it over the first two rounds for a Jazz team ousted by the Houston Rockets on Tuesday . This is the story of the five teams hurt the most from James' dictatorship in the Eastern playoffs. "It's like night and day".

isis-killer-beheading-video-story-top CONFIRMED: Real Madrid star Ronaldo fit to face Liverpool
May 13, 2018 - 10:29
Real will aim to win the Champions League for the third successive season and for the fourth time in five years when they take on Liverpool in Kiev.

isis-killer-beheading-video-story-top Giuliani contradicts White House on AT&T merger, then backtracks
May 13, 2018 - 10:05
AT&T noted in the fact sheet that Cohen was among "several consultants" the company hired as Trump was assuming the presidency. Cohen, a real-estate lawyer who worked at the Trump Organization for almost a decade.

isis-killer-beheading-video-story-top North Korea Announces Plan to Dismantle Nuclear Site
May 13, 2018 - 09:58
Referring to the move, Trump tweeted that the North Korea planned dismantling was "ahead of the big Summit Meeting on June 12th". Located in mountainous terrain in the northeast of the country, Punggye-ri is less than 100 miles (160 kilometers) from China.

isis-killer-beheading-video-story-top Chicago bishop Curry will give sermon at the royal wedding
May 13, 2018 - 09:52
Markle's father is an Episcopalian, while her mother belonged to another Protestant denomination. In 2011, they attended the wedding of Prince William and Catherine, Duchess of Cambridge.

isis-killer-beheading-video-story-top Upbit Raided by Authorities Under Suspicion of Fraud
May 13, 2018 - 09:36
Bloomberg reports that the exchange was host to roughly $1.6 billion in trading activity over the last 24 hours. He added that local investors are expecting the cryptocurrency market to rebound once the case is cleared.

isis-killer-beheading-video-story-top Incarcerated Lalu granted three day parole to attend son's marriage
May 13, 2018 - 09:29
While Lalu warmly shook hands with Nitish, Rabri Devi also exchanged greetings with the Chief Minister. Lalu Prasad Yadav's eldest son Tej Pratap Yadav is all set to tie know on Saturday evening.