Donald Trump says working with Xi Jinping to save telecom giant ZTE

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If that were to happen it would hardly be good for USA companies either, given ZTE has revenue of US$17 billion and output of around 50 million smartphones a year.

Several U.S. intelligence agencies have warned against buying ZTE and Huawei phones.

Those actions led to a US$1.2 billion fine a year ago, with the current export ban imposed in April after ZTE allegedly failed to live up to its agreement, lying about the punishment of employees involved in the sanctions skirting.

Shortly after Trump's tweet, a Democratic lawmaker questioned the move to help the Chinese company, given numerous warnings about ZTE's alleged threat to usa national security.

The Wall Street Journal noted Saturday that Chinese officials had raised the issue with a USA trade delegation last week.

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President Donald Trump says he now wants to help save the beleaguered handset maker, tweeting Sunday that he wanted to give the company "a way to get back into business, fast".

ZTE recently submitted a request for the U.S. Commerce Department to put the order forbidding American firms from selling parts and providing services to it, on hold.

But ZTE still relies on U.S. companies to supply it with components for its networking gear. U.S. companies are banned from exporting goods to ZTE, making it hard for the phone-maker to manufacture new products or update older ones.

Intel, Broadcom and Qualcomm declined to comment.

The Trump administration punished Chinese tech company ZTE for illegal practices, but on Sunday, President Donald Trump said he's going to work to help ZTE because of "too many jobs in China lost".

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Chinese smartphone maker ZTE might have found a savior, and it's the last person you'd expect.

DeBusk, a former U.S. Commerce Department assistant secretary for export enforcement, said Trump's announcement indicates "he is looking to accomplish his objectives on trade with China on a much larger level". It "goes against the steady stream of security warnings about ZTE", he added.

The official said the recent ban was a grossly disproportionate penalty that ignored the strides ZTE had made towards complying with USA laws.

After President's Trump's tweet today, U.S. House of Representatives member Adam Schiff, the ranking member of the US House Intelligence Committee, wrote his own Twitter post that pointed out these concerns, claiming that Trump should "care more about our national security than Chinese jobs".

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