The Trump administration on Friday announced it has made a deal to help a Chinese telecom, ZTE, shuttered by a U.S. Commerce Department export ban. ZTE obtains about one quarter of its manufacturing components from American businesses, and it suspended operations earlier this month after the administration imposed sanctions as a penalty for violating U.S. sanctions on Iran and North Korea.
On Twitter Friday evening, Trump used the deal as an avenue to criticize Democrats:
Funny to watch the Democrats criticize Trade Deals being negotiated by me when they don’t even know what the deals are and when for 8 years the Obama Administration did NOTHING on trade except let other countries rip off the United States. Lost almost $800 Billion/year under “O”
Senator Schumer and Obama Administration let phone company ZTE flourish with no security checks. I closed it down then let it reopen with high level security guarantees, change of management and board, must purchase U.S. parts and pay a $1.3 Billion fine. Dems do nothing....
Trump's plan to get ZTE "back into business, fast," as he put it in an initial tweet on the subject earlier this month, has produced widespread confusion given his adversarial stance toward foreign manufacturers on the campaign trail. Some members of Congress from both sides of the aisle have suggested they may attempt to block the new arrangement on national security grounds. Bonnie Kristian