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Trump strikes deal with Xi over sanctions imposed on ZTE

Trump strikes deal with Xi over sanctions imposed on ZTE

The Trump administration told lawmakers it reached a deal to keep Chinese phone maker ZTE in business, according to a report Friday in The New York Times.

U.S. Commerce Department officials informed lawmakers of the deal under which ZTE will pay a bigger fine than previously expected, hire American compliance officers and shake up its management team, according to the people, who spoke on condition of anonymity.

Rubio said he spoke with Trump on Friday night, and thinks that while the administration wants to punish ZTE for breaking USA sanctions on Iran and North Korea, he sees a broader effort to stop the Chinese from stealing intellectual property and forcing US companies to transfer their technology to do business in China.

President Donald Trump announced plans to lift the seven-year sales ban that crippled ZTE, forcing it to cease major operations earlier this month.

"If the administration goes through with this reported deal, President Trump would be helping make China great again". Chris Van Hollen, D-Md.

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Some believe that the current deal with ZTE is meant to promote further trade talks with China.

The Trump administration has pushed China to help cut the $376 billion trade surplus with the U.S, with Beijing so far making only vague commitments to buy more US goods, including farm products and energy.

Under the new proposals, ZTE could be fined $1.3 billion and forced to place United States compliance officers on...

"We urge you not to compromise lawful USA enforcement actions against serial and premeditated violators of USA law, such as ZTE", numerous lawmakers, including Sen.

Even if ZTE concedes, the deal will likely face opposition in the United States as well. "If President Trump won't put our security before Chinese jobs, Congress will act on a bipartisan basis to stop him", said Sen.

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Sen. Marco Rubio said the deal "is a great deal. for ZTE & China".

ZTE was banned by the Commerce Department from buying tech components after it violated US sanctions by selling equipment to North Korea and Iran. "Many hoped this time would be different". Mr. Ross and Mr. Mnuchin sought to assure the lawmakers that they were planning on harsh penalties for ZTE, and appealed to Republicans to dampen their public criticism so a deal could be reached, a person briefed on the discussions said.

US intelligence officials think ZTE poses a USA security threat because its products could be used for spying or cyberattacks.

On Thursday, members of the House of Representatives, citing national security concerns, voted to ban government agencies from using ZTE technology and the Defense Department from renewing contracts with vendors that work with the company. He also said Congress needs to act.

The denial order was implemented after ZTE failed to respond to earlier sanctions that alleged the company sold goods containing U.S. parts into Iran and North Korea, a violation of sanctions against those countries.

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