ZTE Ban: Congress Has Few Options To Stop Trump From Relaxing Penalties
June 8, 2018
There is little Congress can do to stop President Donald Trump if he wants to relax penalties on ZTE Corp, despite strong bipartisan opposition to easing restrictions on China’s No. 2 telecommunications equipment maker.
ZTE ceased major operations since the seven-year ban was imposed on the company in April for breaking a 2017 agreement reached after it was caught illegally shipping goods to Iran and North Korea. But ZTE has signed an agreement in principle with the Commerce Department to lift the ban, Reuters reported on Tuesday.