Congress threatens to block deal between White House and China on ZTE

Congress threatens to block deal between White House and China on ZTE

The fine would come on top of the roughly $1 billion ZTE has already paid for selling equipment to North Korea and Iran in violation of USA sanctions.

In a tweet Friday evening, Trump confirmed a deal that his administration had outlined for members of Congress, according to two people familiar with the matter.

The Commerce Department did not immediately respond to a call seeking further details about the agreement.

A growing group of lawmakers is threatening to intervene to stop the White House from cutting a deal with China to save ZTE Corp., seeking to upend sensitive negotiations over the embattled Chinese telecommunications company that are expected to intensify next week.

Members of Congress from both parties warned the Trump administration not to reverse sanctions on ZTE since the company both violated USA law and posed a national security threat.

He later tweeted that the ZTE talks were "part of a larger trade deal" being negotiated with China. I closed it down then let it reopen with high level security guarantees, change of management and board, must purchase US parts and pay a $1.3 Billion fine. As part of a new deal, the Commerce Department would lift the order. That's apparently a $1.3 billion fine, a new management team and board, and "high-level security guarantees".

While such an agreement is viewed as a way to advance trade negotiations with China, lawmakers could be resistant to a deal. Sen.

The four chambers. HTC introduced flagship smartphone U12+
The version that showed up on the official listing on HTC's website included 6GB of RAM and 128GB of onboard storage. Then there is the squeeze feature from past year that lets the user launch voice assistant, Edge Launcher, and more.

Pakistan vs England 1st Test
Mohammad Abbas and Hasan Ali shared eight wickets for the tourists and Pakistan ended the day in a commanding position on 50-1. Ashraf though was missed on 29 when he edged Wood between Bairstow and Cook for a catch that belonged to the keeper.

Watch SpaceX deliver NASA’s gravity-sniffing GRACE satellites into orbit today
GRACE-FO provides a unique way to measure water in many of its phases, allowing us to manage water resources more effectively". Iridium used the extra lift capacity to launch three more Iridium Next satellites than it would have using the Dnepr vehicle.

"The ZTE move was very surprising", said Nathan Sheets, chief economist at PGIM Fixed Income and former undersecretary for worldwide affairs at the Treasury Department under President Barack Obama. Many hoped this time would be different.

On Thursday, the House passed its own defense policy bill with language banning the Pentagon from purchasing ZTE technology. The company said in a statement on May 10 that due to the crackdown, "the major operating activities of the company have ceased".

Senate Minority Leader Chuck Schumer of NY was similarly sceptical, saying that "both parties in Congress should come together to stop this deal in its tracks".

Ross is scheduled to travel to Beijing next week to accelerate talks, particularly focused on securing a commitment from China to purchase more US goods.

News of the ZTE agreement came almost a week after the US and China suspended plans to impose tariffs on as much as $200 billion of each other's goods, putting them on the brink of a trade war.

"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.

Related News:



Most liked

Trump Suggests NFL Players Who Kneel "Shouldn't Be in the Country"
The new policy does give players the option to remain in the locker room during the playing of the national anthem. Asked about what Trump said , Baldwin said at Seahawks' headquarters in Renton: "He's an idiot, plain and simple".

Morgan Freeman apologises after harassment accusations
Actor Alan Arkin , one of Freeman's co-stars in the film, reportedly then stepped and told Freeman to stop. It was her experience with Freeman that ultimately sparked the investigation into his alleged behaviour.

Ronaldo versus Salah - the Ballon d'Or on the line?
And that's without mentioning all the awards he won at Liverpool , including seven Player of the Months and six Goal of the Months.

Rockets a step closer to dethroning Warriors
He started 30 games this season while Paul and James Harden dealt with injuries. "We've been here before", Curry said. The Rockets announced Friday that they will be without point guard Chris Paul, who has a right hamstring strain .

Ancelotti named as new Napoli coach on three-year deal
Chelsea has endured a bad Premier League campaign after finishing fifth on the table, unable to secure a Champions League spot. Despite winning the FA Cup last Saturday against Manchester United, Conte is expected to leave Stamford Bridge this summer.

National Basketball Association playoffs wrap: May 25
The Celtics , however, have withstood a stellar James performance and escaped with a victory earlier in this series . LeBron James writhes in pain on the floor after suffering a suspected knee injury in the final quarter of the game.

Ireland abortion referendum: ‘WE WILL MAKE HISTORY’ Taoiseach Leo Varadkar DECLARES
Even areas that were predicted to have a large "No" vote appear to have voted in favour of a new law change. The first indications of the final result are expected on Saturday, after the count begins at 08:00GMT.

'It's Killing' Kyrie Irving Not to Play in Eastern Conference Finals
Expect a more focused and energized LeBron to come out the gate with his team down 3-2 and in an elimination position. Cleveland couldn't buy a three going nine of 34 (26.5 percent) from distance while turning the ball over 15 times .

Tesla that crashed in Autopilot sped up before hitting firetruck
The National Transportation Safety Board investigated a 2016 fatal crash in Florida involving a Tesla Model S using Autopilot . Tesla's Autopilot has been the subject of previous scrutiny following other crashes involving the vehicles.

Nicki Minaj Explains Why She Pushed Her Album Back
It would appear so, after a comment she left on an Instagram post on Thursday unveiling her new song, " Big Bank ". With 2 Chainz , Big Sean and Nicki Minaj on the track, four of the most popular rappers collided to make a hit.

In a surprise move, Red Sox part ways with Hanley Ramirez
By designating him, Boston will not have to pay that option for next year, saving $22 million in 2019. To hear what Swihart had to say, check out the "Red Sox Gameday Live" video above, presented by DCU.

Tropical storm 2018: Florida faces heavy rain from Alberto within days
Flooding potential will increase across this region early next week as Alberto is forecast to slow down after it moves inland. Often, these storms have a radius of maximum winds which is farther out than what is observed for purely "tropical" systems.

Coalition strike in Syria kills 12 pro-government forces: Monitor
A "de-confliction" line in place along the Euphrates River since past year is meant to keep the two assaults from crashing into each other.

Harvey Weinstein released on $1m bail over rape and abuse charges
We stand with them, and remain in solidarity with women everywhere who have faced unsafe and abusive workplaces. Brafman could soon be seen carrying Weinstein's passport, which he would later hand over to Illuzzi in court.

Vevo is shutting down its website and apps to focus on YouTube
Most people view their content on YouTube, and today Vevo plans to narrow down its focus to just that service. Going forward, Vevo will remain focused on engaging the biggest audiences and pursuing growth opportunities.