Republicans in the U.S. Congress are mobilizing against Donald Trump's efforts to mend trade relations with China. They drafted a bill aimed at preventing the White House from saving a Chinese telecommunications equipment manufacturer. The company was pushed by U.S. sanctions. Stopping business on the edge.
The opposition, led by Florida Senator Marco Rubio, showed that the Republican Party’s skepticism about the president’s handling of its foreign trade policy toward China has increased.
Trump's assistants are negotiating a deal: The United States will lift sanctions against Shenzhen-based ZTE, which is targeting Iran and North Korea to sell sensitive technology. In exchange, the company will restructure senior management and accept another. A huge fine. Trump said yesterday that one of the options was a fine of 1.3 billion U.S. dollars for ZTE.
The company was fined 1.2 billion U.S. dollars by the U.S. government last year.
Chinese President Xi Jinping has lifted the ban on ZTE as a condition for a broader trade deal with the United States. After the U.S. Department of Commerce announced that it had prohibited ZTE from purchasing chips and other components from the United States in the next seven years, the company was forced to cease operations. .
Yesterday, Beijing announced that it would reduce the import duties on passenger cars from 25% to 15% from July 1. Some analysts believe that this is a concession made by Beijing after Trump’s position on ZTE reversed. .
Analysts said that the U.S. president’s opening of the ZTE network will provide Chinese leaders with room to make trade concessions and avoid disputes between the United States and China before the US-North Korea summit.
Since Trump first ordered a reversal policy last week, Rubio has been the main opponent of ZTE in the Republican Party. He said that there are not enough ideas for management changes, fines and other ideas as a condition of trading.
"Unfortunately, China has prevailed in negotiations with our country's administrative authorities. They are winning the current trade talks," Rubio wrote on Twitter.
'They avoided tariffs. They also reached a deal on ZTE, but did not make any meaningful concessions in exchange.'
Rubio was not the only person who had this concern. Several of the parliament’s committees last week adopted measures agreed by the two parties to bind ZTE’s penalties and financing bills, and the Senate Banking Committee, which controls real powers, ) Yesterday passed a measure that made Trump unable to revise the punishment for ZTE for at least one year.
Trump stated that he had not yet reached a deal on ZTE and admitted that he had reconsidered ZTE's penalties only because Xi Jinping put forward this request to him. US officials likened Xi Jinping’s request for intervention on ZTE’s issues to Ramp represents U.S. businesses’ requests to foreign leaders.
"(The purpose of the initial punishment) is not to stop ZTE from operating, but to ensure that they abide by our country's sanctions plan. 'The U.S. Treasury Secretary Steven Mnuchin said to US congressmen yesterday.
At the time of this controversy, Republicans in the U.S. Congress have taken an increasingly tough stance toward Beijing’s access to U.S. technology, advancing an initiative that will be given to the Committee on Foreign Investment in the U.S. Great power, legislation that examines the possible impact of Chinese investment on national security.