White House Wants To Stop Congress From Killing Trump's ZTE Deal

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Опубликовано 13 июня 2018, 15:50
Working on behalf of China?

According to Reuters, the White House will attempt to derail Congress’ efforts to block Trumps ZTE deal.

ZTE is China’s No 2 Telecommunications equipment maker.

The U.S. banned the company from doing business with American suppliers …
… over concerns of National Security and trading with Iran and North Korea.

As a result, ZTE shares dropped sharply in value.

Now, the White House wants to reverse that with a deal.

Why, what’s changed?
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