U.S. lawmakers push back on Trump talk of helping China's ZTE - News Summed Up

U.S. lawmakers push back on Trump talk of helping China's ZTE


Bilateral talks between the world’s two biggest economies resume in Washington this week.The Trump administration is considering an arrangement under which the ban on ZTE would be eased in exchange for elimination of new Chinese tariffs on certain U.S. farm products, including pork, fruits, nuts and ginseng, two people familiar with the proposal said. The potential arrangement was first reported by the Wall Street Journal.“They are basically conducting an all-out assault to steal what we’ve already developed and use it as the baseline for their development so they can supplant us as the leader in the most important technologies of the 21st century,” Rubio said at a Foreign Relations Committee hearing on Asia policy.Trump had taken to Twitter on Sunday with a pledge to help the company, which has suspended its main operations, because the penalties had cost too many jobs in China. It was a departure for a president who often touts “America First” policies.The Commerce Department in April found ZTE had violated a 2017 settlement created after the company violated sanctions on Iran and North Korea, and banned U.S. companies from providing exports to ZTE for seven years.U.S. companies are estimated to provide 25 percent to 30 percent of components used in ZTE’s equipment, which includes smartphones and gear to build telecommunications networks.The suggestion outraged members of Congress who have been pressing for more restrictions on ZTE. “It is not a question to me of economics, it is a question of security.”Another Republican, Senator John Kennedy, defended Trump, saying the president’s approach is part of a larger set of negotiations with China.“He didn’t get up one day and go, ‘I think I’ll change my mind on ZTE.’ I think it’s part of a larger issue, and part of a larger set of negotiations,” Kennedy told reporters.


Source: Egypt Today May 16, 2018 03:00 UTC


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