US President Donald Trump said Friday he had reached a deal to keep Chinese telecoms giant ZTE running, rolling back some penalties in exchange for security guarantees — a move that infuriated Democrats and some in his own party. The news comes as the US prepares to send a trade delegation back to Beijing next […]
ZTE
China’s ZTE says US sanctions have crippled operations
Chinese telecom giant ZTE said its major operations had “ceased” following last month’s US ban on American sales of critical technology to the company, raising the possibility of its collapse. The firm’s products depended on American chips and other components and is unable to continue operating without key supplies. “Major operating activities of the […]