Congress Can Do Little To Derail Trump’s ZTE Decision, Observers Say
The U.S. Congress can do little to stop President Donald Trump’s decision to relax penalties on ZTE Corp., China’s second-largest telecommunication-equipment maker, industry watchers said.
The U.S. Commerce Department said Thursday that ZTE had agreed to pay a $1 billion fine, replace its board and senior management, and allow the U.S. to send in a compliance team. This is in exchange for the lifting of a seven-year ban imposed in April that prevents the company from buying American products, which sent a shock wave through the Chinese technology sector and immediately brought ZTE’s major operations to a halt.
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