Earlier this year, his administration imposed tariffs on Chinese steel and aluminum as a punishment.
Last month, the Trump administration impose new tariffs on $50 billion worth of Chinese good. Beijing retaliated with $50 billion tariffs on U.S. goods and emphasized that it “will not hesitate to fight back at any cost.”
Many view Pres. Trump’s reversal on ZTE as a compromise for China to pull back its tariffs on U.S. agricultural products worth billions of dollars.
