In a strange turn of events, the American government has been instructed by President Trump, to help Chinese tech giant ZTE Corp.
The problems started for ZTE when they were caught shipping U.S. goods to Iran. The U.S. Commerce Department then prevented U.S. companies from doing any trade with ZTE.
This decision literally crippled the company, forcing Donald Trump to step in and take a decision.
In a recent tweet President Trump expressed its concerns and his will to find a solution.
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!
— Donald J. Trump (@realDonaldTrump) May 13, 2018
The ban on doing trade with U.S. companies is supposed to last seven years. ZTE already paid a $1.2 billion in fine for that case. Recently, American delegations in visit in China were asked about this issue by Chinese officials, leading to Trump’s decision.
ZTE currently employs 70,000 people, and earlier this month, it had to put on hold its main operations.
