Trump'sZTE deal that would save the company may not happen after all.
Since the language is tucked into a larger defense bill, Trump would have no choice but to pass it. It would also ban US government agencies from purchasing any devices or services from ZTE or Huawei, another major Chinese telecom firm, or using government loans to subsidize any subsidiaries or affiliates of the two companies. The ban would essentially cripple ZTE to the point of potential bankruptcy.
The Senate's moves represent a sweeping rebuke of President Donald Trump's push to negotiate a settlement with ZTE, which went against the Commerce Department's initial ban.
But the ban on buying USA parts, imposed by the department in April, will not be lifted until the company pays the fine and places $400 million more in escrow in a US -approved bank, the agency said. It would hurt ZTE for sure, but keep the company in business. Tom Cotton, R-Ark., Chris Van Hollen, D-Md., and Chuck Schumer, D-N.Y., added language to the National Defense Authorization Act to reinstate a ban on ZTE buying US components.
ZTE is back in business: What now?
Last week, the U.S. reached a deal with the Chinese technology giant that would remove the ban. It's a stunning turnaround, though it had been signalled for some weeks.
Senate Democrats and Republicans don't often work together.
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Despite bipartisan support for the measure, Republicans are divided over whether it is wise to cross the president on this matter - and it is not clear that the effort to stymie Trump's deal will make it to the final version of the defense bill.
The deal will involve ZTE paying a $1bn penalty and hiring a US-approved compliance team. However, it wouldn't be the first time the President chose the unexpected route.
"While the nightmare is now over, ZTE will likely have to deal with many changes", analysts Edison Lee and Timothy Chau at Jefferies wrote in a note. Although $1.4 billion is not a small amount of money, it sets the stage for other companies to also violate trade laws under the assumption that, at worst, they'll have to pay a hefty fine.
US Senate leaders from both side of the political fence are expected to vote later this week on an amendment to a bill that could block the agreement between the Trump administration and ZTE. Tom Cotton (R-Ark.), one of the chief authors of the amendment.
"If this was just a violation of sanctions, then the penalty is fine, but for me it's more than that", said Sen.
The NDAA is considered a must-pass defense package; Senate Majority Leader Mitch McConnell announced on Monday that it is "the top item on our to-do list".
Our daily blog will ensure you have all the latest updates throughout the week but we want you to get involved, too. Griezmann is now valued at £200m, but will see his Atleti release clause half in price at the start of next month.
Ukip leader Gerard Batten said: "The only "meaningful vote" was the verdict of the people in referendum of 23rd June 2016". Philip Lee said a choice between "bad and worse" options was not giving MPs a meaningful vote.
And, after the f-bombs at the Tonys on Sunday night, it looks like De Niro is staying true to his word about speaking out. During the Tony Awards , De Niro, who has frequently sparred with Trump, drew a standing ovation with an anti-Trump rant.
Finally, we have a little more information on that front. "Two goddesses, Lindsay Wagner and Léa Seydoux", Kojima wrote. Kojima Productions, Kojima's own development studio, is developing Death Stranding , and it will star Norman Reedus .
AT&T wasn't on board, saying, "Divestitures here would destroy the very consumer value this merger is created to unlock". The companies' CEOs, AT&T's Randall Stephenson and Jeffrey Bewkes of Time Warner Inc ., testified in support of the deal.
In the very same interview with Howard Stern , the actor also went on to suggest that Donald Trump's meeting with North Korean dictator Kim Jong-un was little more than a cover-up to fire special counsel Robert Mueller.
Check out the full list of recalled products for UPC codes and SKUs to make sure you're not accidentally eating salmonella. The FDA said it's working with the CDC to determine if the recalled products went to additional stores or states.
Fallout 76 can be enjoyed solo, but according to Bethesda's director Todd Howard this game will be played "entirely online". In addition, Fallout 76 will have a weather system, which will add a new dynamic to your experience in the wasteland.
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Kim said that the "world will see a major change" and he and Trump "decided to leave the past behind" as they put pen to paper. Few people could take over North Korea at the age of 26 and "run it tough", Trump mused.
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