Jun 18, 2018 - Economy & Business
Senate rejects Trump's ZTE deal
The Senate voted Monday night to reinstate the U.S. ban on Chinese telecom giant ZTE, which has violated American sanctions and was labeled as a national security threat by the Pentagon.
Why it matters: The Senate's rejection is a strong rebuke, by lawmakers from both parties, of the Trump administration's decision to resurrect ZTE.
Joint Statement, from Senators Chuck Schumer (D-NY), Tom Cotton (R-AR), Chris Van Hollen (D-MD), and Marco Rubio (R-FL):
“We’re heartened that both parties made it clear that protecting American jobs and national security must come first when making deals with countries like China, which has a history of having little regard for either. It is vital that our colleagues in the House keep this bipartisan provision in the bill as it heads towards a conference.”