KXIP vs KKR Live Score

"President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast", Trump said on Twitter.

For example, he has said that he would impose tariffs on steel and aluminum imports, but he has temporarily exempted Canada, Mexico, the European Union and several other countries while leaving China and Japan searching for answers.

ZTE suspended its main operations after the U.S. Commerce Department banned American companies from selling to the firm for seven years as punishment for ZTE breaking an agreement reached after it was caught illegally shipping U.S. goods to Iran.

"Too many jobs in China lost", Trump tweeted.

The company said Sunday it had submitted a request to the USA commerce department for a stay of the export ban, along with supplemental information. Schumer tweeted in response to Trump's earlier tweet on the matter.

At the time, ZTE Corp issued a statement claiming that the USA ban will severely impact its survival and now it seems that the company is really finding it hard to survive this ban.

ZTE's current struggles have made it the most visible outcome thus far of a brewing trade war between the United States and China. The order was causing "irreparable harm" to the company and partners, as well as millions of consumers, including those who own its phones and major network operators, the person said. It's also the fourth largest provider of smartphones in the United States.

The US action could be devastating to ZTE.

Iran preps 'industrial-scale' nuke production after United States leaves nuclear deal
The 2015 agreement between major powers and Iran set limits on its nuclear activities in exchange for the lifting of sanctions. Jean-Claude Juncker, the president of the European Union's executive body, said the U.S.

The denial order was initially imposed but automatically suspended in March a year ago on the condition that ZTE adhere to a settlement agreement which included penalizing the senior officials responsible for the decision to contravene the Iran sanctions.

Before the USA components ban, ZTE was providing services for 100 million users in India, 300 million users in Indonesia and 29 million users in Italy, the official told Reuters.

Beijing has been closely following the developments around ZTE, a company with 80,000 employees and which is headquartered in southern China.

Trumps worldwide economic policies have been marked by ultimatums and threats that are frequently followed by exemptions and reversals. ZTE had been working to get the denial order overturned, and had pegged its hopes on broader bilateral trade talks between the U.S. and China.

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

But nowhere is the United States trade relationship as complicated as with China.

On Sunday, Trump appeared to ease the rhetoric, saying the countries "are working well together on trade".

Republican Representative Robert Pittenger, a sponsor of legislation that would strengthen the USA national security review process for foreign investment, said after the Commerce ban was announced that the United States "must be vigilant against Chinese threats to both our economic security and national security".