US Senate Votes to Reimpose Sanctions on ZTE
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The deal struck by the Trump administration to let ZTE resume its business in the US may soon be negated as the Senate passed this week the National Defense Authorization Act, a military funding bill, which includes a provision that would retain sanctions on the Chinese telecom giant.
The Senate version of the NDAA, which passed 85 against 10, will now be sent to the conference committee to reconcile differences with a version passed by the House of Representatives last May.
However, it is said that the sanctions may still not make it out of the conference period before it is sent to the President. The administration also reportedly favors the House’s version which does not include the provision against ZTE.
Source: CNBC