U.S.-China Transaction U.S. President Donald Trump is offering to resurrect Chinese smartphone maker ZTE in exchange for improved market access by American businesses, including agriculture. ZTE was practically shut down after being denied critical U.S. technology due to violating sanctions against Iran and North Korea, and then lying about punishing responsible employees.  Former U.S. Trade Representative (USTR) lawyer Daniel Price points out that trade negotiations immediately after the Soviet Union collapsed reflected the American goal of establishing trade policy principles, whereas Moscow’s central planning mindset focused on specifying actual transactions. Trump’s approach is at best a hybrid approach; he is more tr...