ZTE plummets after US Senate puts Trump reprieve in doubt

19 Junio, 2018, 09:41 | Author: Kelly Blake
  • CNA file

The Senate voted late Monday afternoon 85-10 to block the Trump administration from lifting the "death penalty" imposed on ZTE, a Chinese cell phone giant with its USA headquarters near Dallas.

ZTE was hit in April with a seven-year ban barring US suppliers selling to it after it broke an agreement to discipline executives who conspired to evade USA sanctions on Iran and North Korea. ZTE pleaded guilty to those charges in March past year and was hit with $1.2 billion in fines.

This comes after the Commerce Department announced it would lift sanctions on ZTE in exchange for a billion dollar fine.

The Senate measure nullifies that action, proposing an outright ban on the government buying products and services from ZTE and another Chinese telecoms firm, Huawei.

"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", a bipartisan group of senators said.

More news: Which team has won the most World Cup titles?
More news: Alemania 0- México 1 — Minuto a minuto
More news: Trump falsely claims crime in Germany is 'way up'

The company's Hong Kong shares slid to their lowest since July 2016, while its Shenzhen stock fell its 10-percent daily limit on Tuesday. The company has lost around 60 percent of its value since it resumed trading last week after a two-month suspension that followed the initial ban.

The lawmakers who introduced the amendment include top Democrat Chuck Schumer and Republican Marco Rubio.

Providing $716 billion in funding for national defense for fiscal year 2019 and giving policy guidance to the Pentagon, the bill is not a done deal. "There will be a lot of congressional resistance to weakening the ZTE amendment, but I would not be surprised to see a compromise". After a personal plea from Chinese President Xi Jinping to help the company get back into business, Trump last month instructed the Commerce Department to find a solution to save ZTE.

The Senate version of the bill will now be sent to committee, where senators will resolve differences between it and the House version passed in May.

Its fiberoptic networks depend on U.S. components and its cheap smartphones sold en masse overseas are powered by USA chips and the Android operating system.



Saudi Arabia's Football Team Flight Catches Fire, Team Safe and Sound
Saudi Arabia's soccer federation released a statement on the plane incident and shared photos of the players calmly exiting the plane.

Ann Coulter Claims Immigrant Children Ripped from Their Parents are 'Child Actors'
Coulter was contacted by Mediaite for evidence backing up her claims, but did not respond in time for publication. The parents are taken into custody at a federal jail, while their children are put in the custody of the U.S.

Oso ataca a empleado de Circo en Rusia — Fuertes imágenes
Los espectadores que estaban en la gradas del circo aseguraron que el oso se mostraba nervioso y se negó a participar en el show. La verdadera cara del circo , se esconde detrás de las coloridas carpas.

Inglaterra buscó y lo ganó sobre la hora
Así las cosas, Inglaterra se suma a Bélgica como los líderes del Grupo G , mientras que Túnez marcha colista junto a Panamá . Inglaterra logró el 2-1 ante Túnez en el Estadio Volgogrado Arena por la primera fecha del Grupo G del Mundial Rusia 2018 .

Correa sobre audiencia de vinculación en caso Balda: Nunca probarán nada
El exjefe, Pablo Romero Quezada, exsecretario nacional de Inteligencia , fue puesto hoy bajo libertad provisional . Al crecer la tensión, Balda se refugió en Colombia , donde desconocidos intentaron secuestrarlo en agosto de 2012.

Maradona criticó a Sampaoli tras el empate de Argentina con Islandia
A partir de ese momento, hubo 70 minutos (ya con la reposición) de la misma historia. Portugal durmió la noche del viernes con plácidos sueños provistos por Cristiano.

El avión que trasladaba a Arabia se prendió fuego
La selección saudí buscará sumar algún punto tras la humillante derrota ante la anfitriona Rusia . Este miércoles 20 de junio, Arabia Saudita tendrá su segunda presentación en el Mundial.

VERIFY: Not all immigrant children are being separated from parents
This administration has a simple message: "If you cross the border illegally, we will prosecute you", Nielsen said earlier Monday. Trump has blamed "bad laws that the Democrats gave us" for the family separations and has said the administration has no choice.

Beyoncé y Jay-Z lanzan álbum sorpresa: "Everything Is Love"
El disco combina el estilo soul cálido y sensual de Beyoncé con una estructura de hip-hop marcada por Jay-Z . En su último álbum en solitario en el 2016, 'Lemonade', Beyoncé había desvelado la infidelidad de su marido.

Tité asustó a todo Brasil: "Neymar no está al cien por ciento"
En Estado de Sao Paulo, el columnista Robson Morelli cuestionó la falta de "astucia" de la canarinha . Tiene la excusa de la operación reciente, pero no jugó nada y no produjo nada bueno para el equipo.