Trump administration takes major step to help Chinese firm ZTE
The Commerce Department took a major step to loosen its restrictions on the controversial Chinese telecommunications company ZTE Corp., signing an escrow agreement that paves the way for the firm to continue doing business with U.S. companies. The move came under pressure from President Donald Trump, who had told Chinese leader Xi Jinping he would help ZTE after the company was met with severe restrictions for violating U.S. sanctions.