Congress Ends Bid to Undo Trump Deal to Save China’s ZTE
Congress has abandoned a bipartisan attempt to undo the administration’s deal with Beijing to save Chinese telecommunications giant ZTE Corp., according to people familiar with the matter.
Senate and House negotiators removed from this year’s defense authorization act language that sought to reinstate a ban on U.S. companies selling components to the Chinese business, they said. Because ZTE depends on U.S. suppliers, the ban which the White House decided to lift, would have effectively been a death sentence for the company.
