Home GRASP/China Trump Vows Action to Ease Job Loss at Chinese Tech Giant

Trump Vows Action to Ease Job Loss at Chinese Tech Giant

223
0
SHARE

Assurance by US president comes days after ZTE announced it had ceased ‘major operating activities’ because of cutoff from US-made parts
U. S. President Donald Trump said Sunday that he is trying to find a way to let giant Chinese technology firm ZTE « to get back into business, fast » after the U. S. had barred the company from using American components.
« Too many jobs in China lost, » Trump said in a Twitter comment days after ZTE announced it had ceased « major operating activities » because of the cutoff of U. S.-made parts that provide a quarter or more of the parts needed to build its wireless stations, optical fiber networks and smartphones.
Trump has often complained about China stealing U. S. jobs, but said he is working with Chinese President Xi Jinping to ease the economic fallout at ZTE and had ordered the U. S. Commerce Department « to get it done! »
ZTE halted manufacturing at its Shenzhen factory after the Commerce Department blocked access to American-made components until 2025, contending that ZTE had failed to punish its workers for violating U.

Continue reading...