As U.S.-China Trade Talks Begin, ZTE Is In The Spotlight
President Trump may be willing to ease up on ZTE, one of China's biggest telecom firms, to protect the overall economic relationship, a Beijing economist says. "The U.S. still needs China," he says.
When President Trump tweeted a pledge on Sunday to help save China's second-largest telecommunications firm because penalties imposed by the U.S. Commerce Department had cost too many Chinese jobs, many were left slack-jawed to hear such words coming from the "America First" president.
But the case of ZTE highlights the importance of high tech in the U.S.-China trade disputes, as well as how the two countries look at the role of government in the economy.
China's Foreign Ministry expressed its appreciation for Trump's gesture, which could help smooth crucial trade talks that
