Trump Vows to Protect Jobs — in China? Sudden pivot…

Trump Extends Lifeline to Sanctioned Tech Company ZTE

President’s comments come as the U.S. and China are locked in high-stakes negotiations over trade and intellectual property

President Donald Trump said he was working with Chinese President Xi Jinping to keep ZTE Corp. in business, throwing an extraordinary lifeline to the Chinese telecommunication giant that has been laid low by U.S. moves to cut off its suppliers.

The surprise intervention comes less than a month after ZTE was hit with an order banning U.S. companies from selling components to the Chinese business. The U.S. Commerce Department directed companies to stop exporting to ZTE in mid-April, saying the Chinese firm violated the terms…

President Trump Puts ‘America First’ On Hold To Save Chinese Jobs

In a surprising departure from his “America First” agenda, President Trump says he will help a China-based cellphone manufacturer save jobs after the Commerce Department said it sold U.S. technology to Iran and North Korea and then failed to live up to the terms of a settlement.

It would be difficult to find a more quintessential example of the kind of troubling trade practices that the president has long highlighted, which makes his sudden pivot in the case of ZTE all the more stunning.

ZTE, the world’s fourth-largest maker of cellphones, was found in violation of U.S. rules against selling U.S.-originated technology to certain blacklisted countries. After reaching a more than $1 billion settlement with Commerce as reparation for its Iran and North Korea dealings, ZTE then violated the terms of the agreement by failing to fire some employees and reprimand others who were involved in the illicit technology transfers.

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