May 25, 2018

President Trump said late Friday he had allowed embattled Chinese telecommunications giant ZTE Corp. to remain open despite fierce bipartisan opposition on Capitol Hill, defying lawmakers who have warned that the huge technology company should be severely punished for breaking U.S. law.

Trump, in a series of Twitter messages, said he was allowing it to “reopen with high level security guarantees, change of management and board,” a requirement that it must purchase U.S. parts, and a $1.3 billion fine.

Sensing such a move, top Democrats and at least one Republican on Friday said the White House's decision was tantamount to a bailout of a large Chinese company with little benefit for the United States.

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https://www.washingtonpost.com/business/economy/congress-threatens-to-block-deal-between-white-house-china-to-save-telecom-giant-zte/2018/05/25/1db326ba-604a-11e8-9ee3-49d6d4814c4c_story.html?utm_term=.8b087c497a85