Trump Says He Wants ZTE Back in Business After U.S. Ban

  • President says in tweet he’s told Commerce Department to act
  • Action is said to be a Chinese condition for trade talks
President Trump reverses course, now saying the U.S. must help rescue China’s ZTE. Bloomberg’s Kathleen Hays reports.(Source: Bloomberg)
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President Donald Trump ordered the U.S. Commerce Department to get ZTE Corp. back into business, weeks after cutting off the massive Chinese telecom equipment maker from its U.S. suppliers with a condemnation of ZTE’s “egregious” behavior.

Trump said in a Sunday morning tweetBloomberg Terminal, posted minutes after arriving at his golf course in Virginia, that he and Chinese leader Xi Jinping are working together to give ZTE “a way to get back into business, fast.”