Source: Trump administration has cut deal with China’s ZTE

Source: Trump administration has cut deal with China's ZTEThe Trump administration has told Congress that it’s reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter said Friday. A resolution of the ZTE case could clear the way for the United States to make progress in its high-stakes trade talks with China. Under the agreement, ZTE would oust its management team, hire American compliance officers and pay a fine.



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