|
|
"A comprehensive, collaborative elections resource."
|
Senate rejects Trump’s plan to lift ZTE export ban
|
|---|
| Parent(s) |
Issue
|
| Contributor | RP |
| Last Edited | RP Jun 19, 2018 08:26am |
| Logged |
0
|
| Category | Proposed Legislation |
| Author | Timothy B. Lee |
| News Date | Tuesday, June 19, 2018 12:50:00 PM UTC0:0 |
| Description | The US Senate on Monday voted to block implementation of a settlement that would lift a sweeping ban on US technology being exported to ZTE. The export ban, which the Trump administration imposed on ZTE in April, amounts to a de facto death sentence for the Chinese company, which is heavily dependent on American-made chips and software.
The Trump administration recently signed a deal that would lift the export ban in exchange for a $1 billion fine and the firing of all of ZTE's senior leadership. But a bipartisan group of senators believes the deal was too lenient.
"The death penalty is an appropriate punishment for their behavior," said Sen. Tom Cotton (R-Ark.) in an interview with The Wall Street Journal last week. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
