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You can find the current article at its original source at https://www.theguardian.com/world/2018/may/13/trump-xi-jinping-jobs-chinese-company-zte-us-ban
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| Trump 'working' with Xi Jinping to save jobs at Chinese company hit by US ban | Trump 'working' with Xi Jinping to save jobs at Chinese company hit by US ban |
| (35 minutes later) | |
| Donald Trump said Sunday he has instructed his commerce department to help get a Chinese telecommunications company “back into business”, after his government cut off access to its US suppliers. | Donald Trump said Sunday he has instructed his commerce department to help get a Chinese telecommunications company “back into business”, after his government cut off access to its US suppliers. |
| The move was a concession to Beijing ahead of high-stakes trade talks that will take place this week. US officials are preparing for talks in Washington with China’s top trade official, Liu He, to resolve an escalating trade dispute between the world’s two largest economies. | |
| At issue is that department’s move last month to block ZTE, a major supplier of telecoms networks and smartphones based in southern China, from importing American components for seven years. The US accused ZTE of misleading American regulators after it settled charges of violating sanctions against North Korea and Iran. | At issue is that department’s move last month to block ZTE, a major supplier of telecoms networks and smartphones based in southern China, from importing American components for seven years. The US accused ZTE of misleading American regulators after it settled charges of violating sanctions against North Korea and Iran. |
| Trump’s reversal will likely have a significant impact on US suppliers such as Qualcomm and Intel. American companies are estimated to provide 25% to 30% of the components used in ZTE equipment, which includes smartphones and gear to build telecommunications networks. | |
| ZTE has more than 70,000 employees and has supplied networks or equipment to some of the world’s biggest telecoms companies. It said in early May it had halted its main operations as a result of the department’s “denial order”. | |
| Trump, who has taken a hard line on trade and technology issues with Beijing and campaigned relentlessly on protecting jobs in the US, tweeted on Sunday that he and Chinese leader Xi Jinping were “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!” | “Too many jobs in China lost. Commerce Department has been instructed to get it done!” |
| ZTE has asked the US commerce department to suspend the seven-year ban on doing business with US technology exporters. By cutting off access to US suppliers of essential components such as microchips, the ban threatens ZTE’s existence, the company has said. | ZTE has asked the US commerce department to suspend the seven-year ban on doing business with US technology exporters. By cutting off access to US suppliers of essential components such as microchips, the ban threatens ZTE’s existence, the company has said. |
| During recent trade meetings in Beijing, Chinese officials said they raised their objections to ZTE’s punishment with the American delegation, which they said agreed to report them to Trump. | During recent trade meetings in Beijing, Chinese officials said they raised their objections to ZTE’s punishment with the American delegation, which they said agreed to report them to Trump. |
| The US imposed the penalty after discovering that Shenzhen-based ZTE, which had paid a $1.2bn fine in the case, had failed to discipline employees involved and paid them bonuses instead. | The US imposed the penalty after discovering that Shenzhen-based ZTE, which had paid a $1.2bn fine in the case, had failed to discipline employees involved and paid them bonuses instead. |
| The Commerce Department did not immediately respond to requests for comment. | |
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