In China, Economics, North America, Trade War, Trump, USA
The backstory to tit-for-tat sanctions: a systematic attempt by US policymakers to remove China from the world stage as a hi-tech economic player.

The company logo at the ZTE stand at the CeBIT computing and IT trade fair in Hanover, Germany, 16 March 2015. EPA/MAURITZ ANTIN

The backstory to tit-for-tat sanctions: a systematic attempt by US policymakers to remove China from the world stage as a hi-tech economic player.

First published on RadioFreeEurope

Jun 12, 2018

U.S. President Donald Trump’s Republican allies in Congress are moving to block his deal to put Chinese telecom giant ZTE back in business if it pays $1 billion more in fines for violating U.S. sanctions against Iran.

Lawmakers said on June 11 that the U.S. Senate will vote as soon as this week on bipartisan legislation to block the deal, which would allow the company to start buying equipment from U.S. suppliers again once its pays the fine and changes its management.

The Chinese company has been accused of violating U.S. sanctions by selling sensitive equipment to both North Korea and Iran. After Trump announced his deal with China and ZTE last week, Senate leaders said they would seek to reverse it.

Democratic and Republican lawmakers have said they believe ZTE’s sales to Iran represent particularly “dangerous” breaches of U.S. national security.

Legislators said they are planning to block the ZTE deal in an amendment to the National Defense Authorization Act, a big defense policy bill the Senate is due to debate this week.

Republican and Democratic lawmakers introduced the amendment last week. Among other things, it would restore penalties on ZTE for violating U.S. export controls and bar U.S. government agencies from purchasing or leasing equipment or services from the Chinese company.

Republican Senator Tom Cotton and Democratic Senator Chris Van Hollen, sponsors of the amendment, said Senate leaders have agreed to include their proposal in the defense bill’s “manager’s package,” which usually includes only noncontroversial amendments that are added to the legislation by unanimous consent.

Once the defense legislation passes the Senate, it must be reconciled with the House version of the bill before it can be sent to the White House for Trump’s signature or veto.

Based on reporting by AP and Reuters



EDITOR’S NOTE: We remind our readers that publication of articles on our site does not mean that we agree with what is written. Our policy is to publish anything which we consider of interest, so as to assist our readers in forming their opinions. Sometimes we even publish articles with which we totally disagree, since we believe it is important for our readers to be informed on as wide a spectrum of views as possible.

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Start typing and press Enter to search

Translate »
As Trump ramps up sanctions and tariffs, an economic revolution is under way as trade and transport links are forged between China, Central Asia, Russia, the Middle East - and Europe