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General

US Senate looking to block Trump's ZTE deal with China

Tuesday 12 June 2018 | 09:59 CET | News
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A bipartisan group of lawmakers has successfully pushed for the inclusion of a bill to reverse president Donald Trump's decision to allow China's ZTE to buy component parts from the US, reports CNN. The Trump administration recently agreed to lift the ban imposed on ZTE for allegedly breaching sanctions by selling equipment to North Korea and Iran. Under the terms of the deal, ZTE would pay a USD 1 billion fine and allow US enforcement officers inside the company to monitor its actions for 10 years. However, Senate leaders have agreed to try to undo the administration's deal with a provision

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Categories: General
Companies: ZTE
Countries: United States
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