US President Donald Trump tweeted this morning he is working together with Chinese President Xi Jinping to keep ZTE in business, a move some are calling unprecendented and a lifeline for the embattled Chinese telecommunication giant.
Trump's tweet instructs the US Commerce Department—which is reviewing ZTE’s request for a stay of an order banning American companies from selling to the firm—to “get it done.”
The intervention comes less than a month after ZTE was hit by the ban. The company said the ban threatens its survival, and last week said it had ceased major business operations.
@realDonaldTrump: 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!
