"Too many jobs in China lost", he said.
In April this year, the Commerce Department found ZTE had violated the terms of last year's settlement and banned U.S. companies from providing exports to ZTE for seven years.
In a remarkable development, President Trump has thrown an olive branch to controversial Chinese telecom firm ZTE less than a week after it ceased its main business following restrictions from the USA government.
ZTE said it is working with the Trump administration to reverse the sanctions and "forge a positive outcome in the development of the matters".
The U.S. ban prevents ZTE from purchasing American hardware and software for the next seven years, which is a period that effectively no tech company in the world would be able to survive unscathed.
"Major operating activities of the company have ceased" as a result of the U.S. decision, it said in a filing Wednesday.
USA officials imposed the ban last month, saying ZTE failed to abide by an agreement to stop selling to Iran and North Korea.
Chinese telecom giant ZTE said its major operations had "ceased" following last month's U.S. ban on American sales of critical technology to the company, raising the possibility of its collapse.
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"The extent of the impact of the Commerce Department ban on U.S. suppliers was noted by the ZTE official, who was not authorized to speak publicly, as Chinese and USA government officials discuss a Washington visit next week by China's top economic [envoy Liu He for the second round of trade talks]".
ZTE's fiber-optic networks depend on U.S. components and its cheap smartphones sold en masse overseas are powered by United States chips and the Android operating system.
In trade talks in Beijing earlier this month, China asked the United States to ease crushing sanctions on ZTE, according to people with knowledge of the matter.
Last week, the company said that its earnings have surged, reporting a 39 percent jump in net income for the first quarter.
The Commerce Department did not immediately respond to a request for comment on Sunday.
Against that background, the Trump administration has barred military and government employees from using smartphones from ZTE and fellow Chinese maker Huawei.
The ban also hurts ZTE's ability to provide services, such as repairs to infrastructure, to customers in other countries and regions in which it operates.
Beijing has made ZTE a priority in its negotiations with the US.