>
Article snippet: Friday appeared to confirm that his administration had reached a deal to put Chinese telecommunications company ZTE back in business. In a pair of tweets, the president blasted the Obama administration and Senate Minority Leader told Reuters that a deal had been reached to allow ZTE to resume business with U.S. companies pending a change in management and a major fine. Reports have circulated for days that the Trump administration and Beijing were working to secure a deal to save the Chinese telecom giant, which was banned by the Commerce Department from buying tech components after ZTE violated U.S. sanctions by selling equipment to North Korea and Iran. The reported deal with ZTE raised alarms among lawmakers from both sides of the aisle this week, including Sen. MORE (R-Fla.), who criticized Trump over a previous tweet announcing the deal's progress. "Are you kidding me? rebuking Trump for the reported deal earlier Friday, accusing the president of "helping make China great again." "Simply a fine and changing board members would not protect America’s economic or national security, and would be a huge victory for President Xi [Jinping], and a dramatic retreat by President Trump," Schumer said in a statement. "Both parties in Congress should come together to stop this deal in its tracks." The Hill 1625 K Street, NW Suite 900 Washington DC 20006 | 202-628-8500 tel | 202-628-8503 fax The contents of this site are ©2018 Capitol Hill Publishing Corp., a subsidiary ... Link to the full article to read more