TRUMP’S DECISION ON ZTE IS DEFENDED BY WHITE HOUSE
WASHINGTON» The White House on Wednesday defended President Donald Trump’s decision to allow Chinese telecom giant ZTE to resume buying component parts from the U.S. — a move the Republican-led Senate is working to reverse.
In a statement, White House spokesman Hogan Gidley pointed to “massive penalties” imposed on ZTE as part of what he described as a “historic enforcement action” by the Commerce Department.
The changes, Gidley said, “will ensure ZTE pays for its violations and gives our government complete oversight of their future activity without undue harm to American suppliers and their workers.”
The deal, announced last week, allows ZTE Corp. to stay in business in exchange for paying a $1 billion penalty, replacing its top managers and agreeing to let U.S. regulators monitor its operations.