Trump Tweet Brings Sense of Relief, Uncertainty at China’s ZTE
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Workers at ZTE Corp.’s offices showed clear relief this week after U.S. President Donald Trump’s surprise tweet that he planned to help get the Chinese company get back into business. “Definitely good news,” said engineer Kevin Lin, as he made his way into ZTE’s research and development center in Beijing.
But ZTE isn’t out of danger yet. The country’s second-largest maker of telecom gear had to cease major operations after the U.S. imposed a seven-year ban on its ability to buy American technology and that prohibition hasn’t been lifted. Trump didn’t explain what steps the U.S. would now take to help ZTE and the U.S. Commerce Department, which had imposed the original penalty, will decide how to implement any changes.