Law360 (May 21, 2018, 2:21 PM EDT) -- President Donald Trump raised eyebrows recently when he tweeted that he and President Xi Jinping of China were “working together to give massive Chinese phone company, ZTE, a way to get back into business, fast.” “Too many jobs in China lost,” the president continued, “Commerce Department has been instructed to get it done!”
ZTE is Zhongxing Telecommunications Equipment Corp., China’s largest listed telecommunications company, and the fourth largest smartphone maker behind Apple, Samsung and LG. The United States effectively forced ZTE to “cease major operations” this month, after the U.S. Department of Commerce in April imposed an export ban on the...
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