Trump pledges to help China’s ZTE rebound ‘fast’ after sanctions

General view of a building of leading Chinese telecom equipment maker ZTE Corporation is seen on April 17, 2018 in Shanghai, China.

VCG | Getty Images General view of a building of leading Chinese telecom equipment maker ZTE Corporation is seen on April 17, 2018 in Shanghai, China.

President Trump on Sunday vowed to help Chinese cellphone maker ZTE Corp. “get back into business, fast,” after being targeted with crippling U.S. sanctions. ZTE suspended its main operations after the Commerce Department last month banned U.S. companies from selling to the tech company for seven years over its failure to honor the terms of an agreement made after it was found to be illegally shipping U.S. goods to Iran and North Korea. Trump, in what was seen as a goodwill gesture ahead of high-stakes trade talks this week, tweeted: “Too many jobs in China lost. Commerce Department has been instructed to get it done!” Trump said he was working with Chinese President Xi Jinping on a fix.

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