The following article by Erica Pandey was posted on the Axios website June 7, 2018:
>Commerce Secretary Wilbur Ross told CNBC on Thursday morning that U.S. negotiators have “executed a definitive agreement with ZTE.”
Why it matters: Compromise with ZTE — a repeat violator of U.S. sanctions against Iran and North Korea and a company identified as a national security threat by the Pentagon — could set a dangerous precedent for trade negotiations with China.
“At about 6 a.m. this morning, we executed a definitive agreement with ZTE. And that brings to a conclusion this phase of the development with them.”— Wilbur Ross
Worth noting: President Trump announced in a tweet on May 25 that a deal had been reached. Continue reading “Trump administration cuts “definitive” deal on China’s ZTE”