A few days ago, according to the Wall Street Journal, a source said that China and the United States had roughly reached a consensus on the issue of ZTE being prohibited from cooperating with American enterprises. The U.S. authorities would soon lift the ban on ZTE, and ZTE would be asked to adjust its board of directors and management. ZTE later confirmed the news to the daily economic news.

But now the US seems to have changed its mind. According to CCTV, US President Trump said on Tuesday local time that the US has not reached any agreement with China on ZTE. Trump further said that he was not satisfied with the Sino US negotiations last week, but this was the first step to reach a final agreement with China, and hoped that the negotiations would be concluded as soon as possible.

Trump declared that ZTE's ban would also hurt American enterprises after it came into effect. He envisioned that ZTE would be required to pay a fine of 1.3 billion dollars and change management, reorganize the board of directors. In the future, ZTE would comply with extremely strict safety regulations. In the future, the company might also purchase a large proportion of products from American enterprises.

It should be noted that Trump tweeted earlier that he was helping ZTE to quickly resume business. Now there are too many job losses in China (due to ZTE's ban), and he has informed the US Department of Commerce to solve the ZTE problem as soon as possible. However, judging from the current situation, Trump seems to be wavering, which is also in line with his style since taking office.

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