The Elder Statement : U.S. reaches deal to keep China's ZTE in business: congressional aide

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Monday, May 28, 2018

U.S. reaches deal to keep China's ZTE in business: congressional aide

elderstatement.com May 28, 2018 U.S. reaches deal to keep China's ZTE in business: congressional aide , 0 Comments

By Reuters, May 25, 2018

WASHINGTON (Reuters) - The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business after it pays a significant fine and makes management changes, a senior congressional aide said on Friday.

U.S. President Donald Trump appeared to confirm the deal in a tweet late on Friday. “I closed it down then let it reopen with high level security guarantees, change of management and board, must purchase U.S. parts and pay a $1.3 Billion fine.”