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Title    US Lifts ZTE Ban Against Senators’ Warnings
Date    Sunday July 15 2018, @03:12AM
Author    martyb
Topic   
from the keep-your-friends-close-and-your-enemies-even-closer dept.
https://soylentnews.org/politics/article.pl?sid=18/07/14/2023225

realDonaldTrump writes:

Original URL: https://dailycaller.com/2018/07/13/zte-ban-trump-administration/

Against the constant warnings of a bipartisan group of senators, the U.S. has finalized its deal with Chinese telecommunications giant ZTE, lifting its April ban.

The Commerce Department announced the decision to lift the ban on the Chinese-linked company after it completed its side of the terms of the deal by placing $400 million in a U.S.-approved escrow account. ZTE paid a $1 billion fine and replaced its board of executives as well.

“While we lifted the ban on ZTE, the department will remain vigilant as we closely monitor ZTE’s actions to ensure compliance with all U.S. laws and regulations,” Department of Commerce Secretary Wilbur Ross wrote in a statement, Reuters reported.

A bipartisan group of senators led by Florida Republican Sen. Marco Rubio and Senate Minority Leader Chuck Schumer, are vocally opposing the White House’s deal. Other senators opposing the agreement include Democrat Chris Van Hollen of Maryland, Republican Tom Cotton of Arkansas, Democrat Mark Warner of Virginia, and Republican Roy Blunt of Missouri.

The bipartisan group of senators wrote an open letter to the chairmen and ranking members of the House and Senate Armed Services committees asking them to make amendments to the National Defense Authorization Act (NDAA) that includes provisions against ZTE.

“We strongly oppose the June 2018 deal with ZTE negotiated by the Commerce Department’s Bureau of Industry and Security (BIS) to lift the seven-year ban against the export of U.S. parts and components to ZTE,” the senators wrote.

Schumer was able to make an amendment to the Senate’s version of the NDAA that includes that keeps in place[sic] the provisions against ZTE.


Original Submission

Links

  1. "realDonaldTrump" - https://soylentnews.org/~realDonaldTrump/
  2. "reported" - https://www.reuters.com/article/us-usa-trade-china-zte/u-s-lifts-ban-on-suppliers-selling-to-chinas-zte-idUSKBN1K32CN
  3. "wrote" - http://thehill.com/policy/defense/396759-senators-push-to-block-trumps-zte-deal-in-final-defense-bill
  4. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=27860

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