{"id":4294,"date":"2018-05-13T18:57:53","date_gmt":"2018-05-13T18:57:53","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=4294"},"modified":"2018-05-13T18:57:53","modified_gmt":"2018-05-13T18:57:53","slug":"in-concession-trump-will-help-chinas-zte-get-back-into-business","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/","title":{"rendered":"In concession, Trump will help China’s ZTE ‘get back into business’"},"content":{"rendered":"
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Source: (Reuters) – WASHINGTON \u00a0– U.S. President Donald Trump said in a tweet on Sunday that he has asked the Commerce Department to help Chinese technology company ZTE Corp \u201cget back into business, fast,\u201d a concession to Beijing ahead of high-stakes trade talks that will take place this week.<\/p>\n

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ZTE, one of the world\u2019s largest telecom equipment makers, suspended its main operations after the U.S. Commerce Department banned American supplies to its business for seven years.<\/p>\n

Trump\u2019s offer to help comes as Chinese and U.S. officials prepare for talks in Washington with China\u2019s top trade official Liu He to resolve an escalating trade dispute between the world\u2019s two largest economies.<\/p>\n

In trade talks in Beijing earlier this month, China asked the United States to ease crushing sanctions on ZTE, according to people with knowledge of the matter.<\/p>\n

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Trump\u2019s reversal could have a significant impact on shares of American optical components makers such as Acacia Communications Inc and Oclaro Inc which saw their stock prices fall when U.S. companies were banned from exporting goods to ZTE.<\/div>\n<\/div>\n

ZTE paid over $2.3 billion (\u00a31.7 billion) to 211 U.S. exporters in 2017, a senior ZTE official said on Friday.<\/p>\n

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\u201cToo many jobs in China lost. Commerce Department has been instructed to get it done!\u201d Trump wrote on Twitter, saying he is working with Chinese President Xi Jinping on a solution.<\/div>\n<\/div>\n<\/div>\n

The U.S. government launched an investigation into ZTE after Reuters reported in 2012 the company had signed contracts to ship millions of dollars\u2019 worth of hardware and software from some of the best known U.S. technology companies to Iran. (Reuters report that exposed the practice: reut.rs\/2GbpCmO<\/a>)<\/p>\n

ZTE pleaded guilty last year to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran and entered into an agreement with the U.S. government. The ban is the result of ZTE\u2019s failure to comply with that agreement, the Commerce Department said.<\/p>\n

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The ban came two months after two Republican senators introduced legislation to block the U.S. government from buying or leasing telecommunications equipment from ZTE or Huawei , citing concern the companies would use their access to spy on U.S. officials.<\/p>\n

ZTE relies on U.S. companies such as Qualcomm Inc and Intel Corp and American companies are estimated to provide 25 percent to 30 percent of the components used in ZTE\u2019s equipment, which includes smartphones and gear to build telecommunications networks.<\/p>\n

The Commerce Department did not immediately respond to a request for comment on Sunday.<\/p>\n

Republican Representative Robert Pittenger, a sponsor of legislation that would strengthen the U.S. national security review process for foreign investment, said after the Commerce ban was announced that the United States \u201cmust be vigilant against Chinese threats to both our economic security and national security.\u201d<\/p>\n

Experts said Trump\u2019s policy reversal was unprecedented.<\/p>\n

\u201cThis is a fascinating development in a highly unusual case that has gone from a sanctions and export control case to a geopolitical one,\u201d said Washington lawyer Douglas Jacobson, who represents some of ZTE\u2019s suppliers.<\/p>\n

\u201cThere\u2019s no legal mechanism for this. How this will play out remains to be seen. They are not simply going to be able to resume business as usual,\u201d he said.<\/p>\n

ZTE suppliers including Acacia, Oclaro, Lumentum Holdings Inc, Finisar Corp, Inphi Corp and Fabrinet, all fell sharply after the ban was announced. Shares of Acacia, which got 30 percent of its total revenue in 2017 from ZTE, hit a record low after the ban was announced. Oclaro, which earned 18 percent of its fiscal 2017 revenue from ZTE, fell 17 percent.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Source: (Reuters) – WASHINGTON \u00a0– U.S. President Donald Trump said in a tweet on Sunday that he has asked the Commerce Department to help Chinese technology company ZTE Corp \u201cget back into business, fast,\u201d...<\/p>\n","protected":false},"author":33,"featured_media":4297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10219548024599422_1632221337088128":"","twitter_242054905_242054905":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5],"tags":[],"class_list":["post-4294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia"],"acf":[],"yoast_head":"\nIn concession, Trump will help China's ZTE 'get back into business' - Noti-America.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In concession, Trump will help China's ZTE 'get back into business'\" \/>\n<meta property=\"og:description\" content=\"Source: (Reuters) – WASHINGTON \u00a0– U.S. President Donald Trump said in a tweet on Sunday that he has asked the Commerce Department to help Chinese technology company ZTE Corp \u201cget back into business, fast,\u201d...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Noti-America.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-13T18:57:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/05\/zte.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"551\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo estimado de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"In concession, Trump will help China’s ZTE ‘get back into business’\",\"datePublished\":\"2018-05-13T18:57:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/\"},\"wordCount\":615,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/05\/zte.jpg\",\"articleSection\":[\"Econom\u00eda\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/\",\"url\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/13\/in-concession-trump-will-help-chinas-zte-get-back-into-business\/\",\"name\":\"In concession, Trump will help China's ZTE 'get back into business' - 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