After a month, ZTE’s sanction by the United States may turn a corner. On the evening of May 13, US President Trump stated that he and the Chinese leaders are working together on the sanctions imposed on ZTE in April. Let (ZTE) resume business as soon as possible, suggesting that the sanctions will be relaxed. Prior to this, ZTE was prohibited from trading with U.S. companies for the next seven years, and was forced to stop sales of smart phones, and its operations were greatly affected.
According to the “Nihon Keizai Shimbun” website reported on May 14th, Trump pointed out on Twitter that 'China is losing a large number of posts'. On this basis, it also said, 'I have instructed the Ministry of Commerce (measures to restart business). However, no specific response measures were disclosed.
According to a report by Reuters Washington on May 13, after a ban by the United States that caused Chinese technology company ZTE to suffer heavy losses, US President Trump pledged to help Chinese technology company ZTE’s rapid recovery on Sunday (13th). Business ', took a concession gesture before the start of this week's crucial trade talks.
According to reports, according to Trump's 'tweet country' habit, it seems that Trump’s attitude toward ZTE's sanctions has undergone a major reversal and he has made concessions.
Just a few days ago, when ZTE announced that its major operations were suspended, Trump suddenly announced that it had promised to help ZTE resume operations. What kind of medicine does this sell?
Deutsche Welle China reported on May 14 that ZTE Corporation issued an announcement on the 9th that ZTE Corporation suspended its main business activities under the influence of the US ban. ZTE issued a statement on the same day and said, 'The company is mainly affected by the ban on sales orders. Business activities can no longer be carried out '. The statement also said that 'the company is currently well-funded, under the premise of legality, abide by commercial credit.'
Sanctions, not just ZTE, are lost. ZTE's equipment has 25%-30% of its components are provided by US companies, including smart phones to communications network equipment. Reuters said, Trump's attitude toward ZTE, Acacia Communications The price of U.S. optical component manufacturers such as (ACIA.O) and Oclaro (OCLR.O) may have a major impact; U.S. companies may not ban ZTE’s exports, resulting in a drop in the company’s share price. Reuters, May On the 11th, an executive of ZTE Corporation said on Friday (11th) that the company paid more than US$2.3 billion to 211 US exporters in 2017.