Trump's trade fight with China just claimed its first big victim

The Trump administration banned sales of US-made parts to the Chinese phone maker ZTE.
ZTE, the second-largest telecom-equipment maker in China, generated $17 billion in revenue last year.
ZTE said Wednesday that "the major operating activities of the company have ceased."
The ZTE shutdown highlights the global ramifications of Trump's trade battle with China.
President Donald Trump's crackdown on trade claimed a massive victim this week, as the Chinese tech giant ZTE shut down most of its opera