WP: US and China are discussing a deal that would reduce sanctions against ZTE

WASHINGTON, may 14. /TASS/. US authorities and China to discuss economic agreements, which will allow you to loosen the U.S. sanctions against a major Chinese telecommunications company ZTE. This was reported in the Sunday newspaper the Washington Post, citing sources in the presidential administration of the USA.

According to them, in exchange for a reduction of restrictions, us President, Donald trump insisted on the fulfillment of certain requirements, which, in particular, are associated with trade disputes between the two States. “Mini-deal in the foreseeable future. China gets weakening [of sanctions] for ZTE, and in return agrees to return to the status quo for American agriculture,” – said the source publication. He explained that we are talking about a reduction of duties and implementation of other nepodlinnyh trade measures for the protection of American products on the Chinese market.

As reported representatives of the administration, the White house is also in negotiations with China insists on cooperation in the sanctions regime against Iran and North Korea. The Chinese side, in turn, requires from US as part of the agreement to cancel the decision on deprivation ZTE for seven years of trade privileges, informs The Washington Post. Vice-Premier of the state Council of the PRC Liu he in the next few days will hold in Washington, consultations with the American side, which will be raised this issue.

The newspaper said the talks “very unstable” due to the fact that the US President “goes from one extreme to another” in relations with Beijing.

The Announcement Of Trump

On Sunday, the us leader announced on their Twitter page that cooperates with the President of China XI Jinping to resume ZTE, which is partially suspended operations due to the imposed sanctions by Washington. He stressed that the suspension of the company’s activities “in China was lost too many jobs.” “The Department of Commerce [USA] was requested to deal with this!” – said the head of state.

The Washington Post calls “extremely unusual” for an American President to intervene in a regulatory matter and to influence the policy of the Ministry of Finance and Ministry of trade.

The U.S. Department of Commerce in April deprived ZTE for seven years privileges in the supply of its products in the country and export equipment abroad due to “multiple false statements”, the Corporation are prohibited from participating in any export-related activities of the United States. Other physical and legal persons are prohibited to provide particular assistance in this. In other words, American companies are prohibited including to sell ZTE equipment. According to various estimates, the company buys on the American market from 25% to 30% of the components used in its products, including network equipment and smartphones.

ZTE is one of the world’s largest suppliers of Telecom equipment and smartphone manufacturers.