ZTE looks like it’s getting a chance to resurrect its business, thanks to help from the highest office in the United States. Last week, the China telecom giant announced that it had to cease business activities because of US sanctions on critical components.
In a tweet, President Donald Trump noted that “President Xi of China, and I, are 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.”
Creating and keeping jobs was one of the US President’s top priorities when he took office. With this move, it seems like he is not as inward looking as many perceive him to be.
“ZTE, the large Chinese phone company, buys a big percentage of individual parts from US companies. This is also reflective of the larger trade deal we are negotiating with China and my personal relationship with President Xi,” he said in another tweet.