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Congress to Leave Trump's Deal With China's ZTE Untouched - Trump making China Great Again
U.S. lawmakers will allow President Donald Trump’s deal with China’s ZTE Corp. to remain in place, agreeing to a key Chinese demand in the broader trade dispute between the two largest economies, three sources familiar with the matter said.
Negotiators from the Senate and House of Representatives late Thursday agreed to abandon efforts to reinstate harsher sanctions against the Chinese telecommunications-equipment maker as part of the defense policy bill, the people said. Both chambers are expected to vote on the National Defense Authorization Act next week.
Draft language advanced in the House earlier this year focused on a procurement ban for ZTE products, whereas the Senate approved language that would reinstate the sales ban for U.S. companies to sell to ZTE. The White House strongly opposed any efforts by Congress to block its deal for ZTE to resume business.
The Trump administration in April announced a seven-year ban on U.S. exports to ZTE after it said the company violated sanctions agreements by selling American technology to Iran and North Korea. The move forced ZTE to announce it was shutting down.
Negotiators from the Senate and House of Representatives late Thursday agreed to abandon efforts to reinstate harsher sanctions against the Chinese telecommunications-equipment maker as part of the defense policy bill, the people said. Both chambers are expected to vote on the National Defense Authorization Act next week.
Draft language advanced in the House earlier this year focused on a procurement ban for ZTE products, whereas the Senate approved language that would reinstate the sales ban for U.S. companies to sell to ZTE. The White House strongly opposed any efforts by Congress to block its deal for ZTE to resume business.
The Trump administration in April announced a seven-year ban on U.S. exports to ZTE after it said the company violated sanctions agreements by selling American technology to Iran and North Korea. The move forced ZTE to announce it was shutting down.
https://www.bloomberg.com/news/articles/2018-07-20/congress-said-to-leave-trump-s-deal-with-china-s-zte-untouched
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