ZTE’s mobile business to re-open after US deal reached

US reaches deal to keep China’s ZTE in business

The Commerce Department would then lift an order preventing ZTE from buying US products.

- Donald J. Trump (@realDonaldTrump) May 25, 2018Yes they have a deal in mind.

ZTE was fined $1.2 billion in March 2017, but last month Washington banned the sale of crucial United States components to the company after finding it had lied multiple times and failed to take action against employees responsible for sanctions violations.

ZTE has over 70,000 employees, it grossed more than $17 billion in annual revenue and it maintains close ties to the Chinese government.

In April, the Commerce Department said ZTE instead paid full bonuses to employees who engaged in the illegal conduct, failed to issue letters of reprimand and lied about the practices to US authorities. The U.S. alleges that the state-linked enterprise is abetting the transfer of U.S. technology to China's military. However, both Democrats and Republicans in Congress believe that this deal could potentially compromise national security. 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 USA goods, including farm products and energy.

Rubio, as well as Democratic Senators Chuck Schumer and Chris Van Hollen, said Congress should act to stop Trump from letting ZTE get back into business.

"Our Trade Deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion", the president said in a tweet on Wednesday.

"If the administration goes through with this reported deal, President Trump would be helping make China great again", Schumer said. The Chinese company depends on these components to make its products, and the ban, imposed earlier this month, threatened to put ZTE out of business.

Chinese President Xi Jinping reportedly called President Donald Trump asking for relief for the Chinese telecom firm and putting an initial offer on the table, according to Fox News. "Now congress will need to act".

It's unclear if Congress will be able to muster veto-proof majorities needed to block the president on ZTE.

At the time, Mr. Trump insisted there wasn't a deal but said he "envisioned" a deal involving a big fine and other conditions. They have said the company broke USA laws and shouldn't be easily forgiven.

Even while U.S. officials said the ZTE penalties were a national security issue separate from the trade talks with Beijing, Trump said Tuesday he was looking at easing the tough sanctions on ZTE "as a favour" to Chinese President Xi Jinping.

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