Speaking from Washington DC

Commerce Secretary Ross says:

  • Says ZTE move shows China's dependence on US
  • ZTE is an enforcement action separate from trade
  • ZTE did do some inappropriate things
  • question is are there alternative sanctions for ZTE
  • ZTE violated sanctions, made inaccurate statements
  • US continuing EU steel tariff talks
  • Hopes to come to reasonable conclusion with the EU on steel, aluminum tariff exemptions
  • US to impose EU steel tariffs if no deal before June 1
  • He's speaking tomorrow with EU's Malmstrom
  • major topics in NAFTA negotiations are still a work in progress
  • level of the US dollar does factor into trade balances