WASHINGTON - President Donald Trump said on Wednesday that "nothing has happened" with China's ZTE Corp. and that Beijing has "much to give" Washington on trade. Trump on Monday had defended his decision to revisit penalties on ZTE for flouting U.S. sanctions on trade with Iran, in part by saying it was reflective of the larger trade deal the United States is negotiating with China. "Nothing has happened with ZTE except as it pertains to the larger trade deal," Trump said on Twitter. "We have not seen China's demands yet, which should be few in that previous U.S. Administrations have done so poorly in negotiating. The U.S. has very little to give, because it has given so much over the years.
China claims most of the energy-rich South China Sea, through which about $5 trillion in ship-borne trade passes every year. Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have claims in the waters, where China has been building up military facilities like runways on the islands it controls.