|
|
US Senate votes to reinstate ZTE ban after 'intelligence warnings'
|
|
|
|
| Top Stories |
 |
|
|
|
IANS | 19 Jun, 2018
The US senate has voted to reinstate a ban on Chinese telecom company
ZTE which prevents it from buying US components and using US software
despite President Donald Trump's attempts to lift sanctions on the firm,
the media reported.
The Senate has passed the annual National
Defense Authorization Act which included an amendment to stop Trump's
deal allowing US companies to trade with ZTE.
Several Republican
and Democratic Senators said their vote related to national security
issues after numerous intelligence warnings about ZTE this year.
"The
legislation which is considered crucial for continuing defense funding,
was passed with 85-10 votes, one of a handful of times the
Republican-controlled Senate has deviated from a Trump policy," Business
Insider reported on Tuesday.
Mark Warner, Vice-Chairman of
Senate Intelligence Committee had tweeted that the Senate had "blocked"
the Trump administration from making a "bad deal with ZTE".
"The
amendment is not guaranteed to become law. The bill will now need to be
reconciled with a House version -- where the amendment could be stripped
out -- voted through both the House and the Senate and signed into law
by Trump," the report added.
The Shenzhen-headquartered
telecommunications firm was hit with a trade ban by the US Commerce
Department for seven years after failing to follow through with a
punishment for violating sanctions on Iran and North Korea.
That ban essentially shut down ZTE, which relies on US parts like Qualcomm processors.
However,
on Trump's orders, the administration made a deal earlier this month to
end ZTE's sanctions in exchange for a $1 billion fine.
ZTE,
which employs 70,000 people in China, described the move by the US
regulators to cut it off from its US parts suppliers as a "death
sentence".
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
|
|
| Daily Poll |
 |
 |
| PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
