U.S. senators seek punishment if China's ZTE violates deal [Reuters (UK)]
ZTE CORP UNSP/ADR (ZTCOY)
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Source: Reuters
U.S. senators seek punishment if China's ZTE violates deal | Reuters 3 Min Read WASHINGTON (Reuters) - Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China’s ZTE Corp ( 0763.HK ) ( 000063.SZ ) if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company. President Donald Trump angered many members of Congress, including some of his fellow Republicans, in July when he decided to lift a ban on U.S. companies selling to ZTE, allowing the giant company to resume business. Lawmakers have introduced several pieces of legislation since then that seek to clamp down on the company, China’s second largest telecommunications equipment maker. Most have failed to advance in the face of administration opposition. Senate aides said they thought the latest measure - led by Republican Senator Marco Rubio and Democrat Chris Van Hollen and focu
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