U.S. Lawmakers Seek to Restore ZTE Penalties in Defense Bill

  • Shifting views on ZTE keeps $43 bln Qualcomm-NXP deal in limbo
  • Trump viewed lifting the penalties as favor to China’s Xi
National Security Concerns Arise Over U.S. Deal With ZTE
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The U.S. Senate advanced legislation to restore penalties on ZTE Corp., after President Donald Trump drew sharp criticism for easing restrictions to get the Chinese company back in business.

The Senate voted 91-4Bloomberg Terminal late Monday to begin debate on the National Defense Authorization Act (NDAA), including a ZTE amendment that will keep restrictions on the Chinese telecom company despite a reprieve last week from the U.S. Commerce Dept. The provision was included on a list of amendments that is backed by both Republicans and Democrats.