• White House reveals ZTE deal to lawmakers -source

    4 monthes ago - By Reuters

    Ahead of next week's U.S-China trade talks, The Trump administration told lawmakers a deal has been reached to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.
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  • Source: Trump administration has cut deal with China's ZTE

    4 monthes ago - By National Post

    WASHINGTON - The Trump administration has told Congress that it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter said Friday.
    A resolution of the ZTE case could clear the way for the United States to make progress in its high-stakes trade talks with China. But news of the agreement drew immediate fire on Capitol Hill.
    Under the agreement, ZTE would oust its management team, hire American compliance officers and pay a fine. The fine would...
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  • Trump administration presents Capitol Hill with deal to rescue Chinese firm ZTE

    4 monthes ago - By Politico

    The Trump administration has reached a deal that will put Chinese telecommunications giant ZTE back in business by rolling back severe sanctions put in place last month by the Commerce Department, according to a source familiar with the matter. The move to settle with the Chinese company removes a major barrier to U.S.-China trade talks as Beijing opposed a penalty that would have shuttered the firm by prohibiting U.S. suppliers from doing business with ZTE for seven years. It also comes a week before Commerce Secretary Wilbur Ross is scheduled to travel to Beijing to continue efforts to...
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  • Trump administration reaches deal to save Chinese phone maker ZTE despite sanctions, sources say

    4 monthes ago - By Los Angeles Times

    The Trump administration has informed members of Congress that it has reached an agreement that will allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business, according to two people familiar with the matter. U.S. Commerce Department officials informed lawmakers that ZTE...
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  • Source: Trump administration has cut deal with China's ZTE

    4 monthes ago - By The Seattle Times

    WASHINGTON - The Trump administration has told Congress it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, said a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter. Under the agreement, ZTE will oust its management team, hire American compliance...
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  • The Trump administration told Congress they reached a deal with China to lift sanctions on Chinese tech giant ZTE

    The Trump administration told Congress they reached a deal with China to lift sanctions on Chinese tech giant ZTE

    4 monthes ago - By Business Insider

    The Commerce Department told members of Congress that the Trump administration reached a deal to lift sanctions on Chinese phone maker ZTE.
    In exchange for easing the sanctions, ZTE will be forced to "pay a bigger fine, have to hire American compliance officers, and they have to get rid of the current ZTE management team," according to a source familiar.
    ZTE was facing sanctions after selling goods containing US parts to Iran and North Korea.
    Republicans and Democratic lawmakers have blasted Trump's willingness to do a deal on ZTE.
    The Trump administration has told Congress that the...
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