The White House and senior Chinese officials are discussing a targeted economic deal that would relax severe penalties on ZTE, a major Chinese telecom company, in exchange for unspecified demands from President Donald Trump, two people briefed on the discussions said Sunday, May 13.
Trump said Sunday on Twitter that he wanted federal regulators to take the unusual step of relaxing penalties on ZTE, even though the Chinese company has been accused of illicitly shipping goods to North Korea and Iran.
ZTE is China’s number-two smartphone maker, and as recently as last year it was the number-four smartphone vendor in the US. But the company is facing a de facto corporate death sentence after US officials caught the company covertly sending telecommunications equipment with significant American-made components to Iran and North Korea in violation of US export restrictions.
Full Content: ARS Technica UK
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