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Trump reversal on ZTE boosted these tech stocks

One tweet had broad repercussions across the tech world on Monday.

President Donald Trump this weekend tweeted that he’d be working with China to find a way for Chinese smartphone maker ZTE Corp. 0763, +0.00% to restart its operations. The U.S. banned domestic companies from selling components to ZTE last month, arguing that ZTE didn’t adequately reprimand employees for violating prior Iran sanctions, and the ban prompted the company to shut down its major operations last week.

President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast.

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