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The President vowed overnight to help Chinese telecom giant ZTE get back to business, after the company said it would suspend "major operating activities" based on the U.S. government's recent trade restrictions.

Trump said in a tweet Sunday morning that he's working with Chinese leader Xi Jinping and has "instructed" his Commerce Department to get ZTE back in business because "too many jobs in China lost".

The United States and China will be able to reach an agreement in the sphere of trade that would benefit both countries, said the President of the United States Donald trump.

USA officials accused ZTE of filing false reports about illegal exports of communications devices to Iran and North Korea.

Mr Trump has insisted that relations between Washington and Beijing have never been better and he has been working closely with Mr Xi in efforts to persuade North Korea to abandon its nuclear programme.

"ZTE misled the Department of Commerce", Ross said.

Representatives from both the USA and China - which boast the world's largest economies, with nominal GDPs of almost $19.4 trillion and approximately $12 trillion, respectively - held trade talks in early May. FBI Director Christopher Wray said intelligence officials are "deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don't share our values to gain positions of power inside our telecommunications networks". That cut off access to the USA technology it needs to build most of its products, from Qualcomm Inc.'s semiconductors to optical chips from Lumentum Holdings Inc. Trump wrote on Twitter in the first of two tweets about USA trade relations with China. "This egregious behaviour can not be ignored".

ZTE denies any wrongdoing, and said in a late April statement that the ban will "cause damages to all partners of ZTE including a large number of USA companies" since it uses chips from Qualcomm, glass from Corning, and optical components from various U.S. suppliers.

In an April 16th statement, commerce secretary Wilbur Ross said ZTE made false statements to the United States government and "covered up the fact" that the company paid full bonuses to employees that had engaged in illegal conduct.

But ZTE still relies on USA companies to supply it with components for its networking gear.

"But be cool, it will all work out!" he wrote.

The department last month banned shipments of USA technology to ZTE for seven years, saying the company had failed to reprimand employees who violated US trade controls on Iran and North Korea. "You should care more about our national security than Chinese jobs", Schiff said in a tweet directed at Trump.

The US ban followed an edict earlier in the year against Huawei, also a Chinese manufacturer, that caused a carrier sales deal to fall through just as it was set to be announced at CES. It's also the fourth largest provider of smartphones in the United States. Lumentum Holdings and Acacia Communications Inc. sold key optical equipment.