Trump and Xi Move To Resolve Shutdown of ZTE Corp

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President Donald Trump has threatened tariffs on imports of Chinese goods, and China has threatened to retaliate with duties on USA products, including food items such as pork, beef and soybeans.

Bill Evanina, the director of the National Security and Counterintelligence Center, a federal counterspy agency, said in a Senate hearing Tuesday he would not recommend that anyone in government or the private sector use ZTE phones over electronic spying concerns.

Ministry spokesman Lu Kang also said China appreciated tweets by Trump saying he would help ZTE Corp. get "back into business" because too many jobs in China are at stake after the USA government cut off access to ZTE's American suppliers.

Major U.S. business groups have urged the Trump administration to drop its plan to impose tariffs on Chinese goods ahead of key public hearings beginning Tuesday, arguing that tariffs would hurt U.S. companies and consumers.

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ZTE announced last week the USA sanctions would force it to curtail major operations. China, for its part, has stated that it is willing to buy more American goods and services to help reduce the trade deficit. "We're still very far apart", U.S. Ambassador to China Terry Branstad said, according to Reuters.

"The United States and China are the two biggest economies in the world". The block on ZTE was a heavy blow for the company but also hurt the US companies it buys from.

President Donald Trump has stepped into the row surrounding the seven year ban on United States companies supplying Chinese telecommunications maker ZTE with software and components. In retaliation, Beijing is threatening tariffs on $50 billion in USA products.

Despite the US ban, the Washington Free Beacon has reported that ZTE was selling equipment to the Pentagon and Homeland Security Department.

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It is no secret that the USA has a huge trade deficit with China.

But Trump set a more reassuring tone in a separate tweet Sunday, saying the two economic giants were "working well together on trade, but past negotiations have been so one sided in favor of China, for so many years, that it is hard for them to make a deal that benefits both countries".

Trump is seeking to cut the chronic USA trade deficit by $100 billion and gain concessions over the policies that foreign companies say force them to share technology in order to gain market access.

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