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Trump Now Pledges to Save ZTE

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China has welcomed a pledge from Donald Trump to help save ZTE, one of China’s biggest telecoms companies.The firm has suspended operations after the US last month banned American companies from selling it components. ZTE had admitted to making illegal shipments to Iran and North Korea.But Mr Trump has now tweeted he will work with President Xi to help ZTE get “back into business fast”, saying too many jobs in China were at risk.China’s called the comments “positive”.

Source: Trump seeks to save Chinese jobs at ZTE ahead of trade talks – BBC News

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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