After violating sanctions in Iran, ZTE was banned from buying parts and components from all American companies.
Chinese telecommunications giant ZTE Corp had about $3 billion wiped off its market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government. It also required ZTE to change its board of directors and executive team within 30 days. On Wednesday in Hong Kong, they nosedived 40% to their lowest level in more than a year.
"The fact that a bipartisan group of senators came together this quickly is a testament to how bad the Trump administration's ZTE deal is and how we will not shy away from holding the president's feet to the fire when it comes to keeping his promise to be tough on China", Senate Democratic Leader Chuck Schumer said in a statement.
But the bipartisan senate amendment, which has been added to the must-pass National Defense Authorization Act, would essentially kill that agreement by retroactively reinstating financial penalties and continuing the prohibition on ZTE's ability to sell to the USA government.
As part of the order, ZTE must identify in detail to the Commerce Department all Chinese government ownership and control of ZTE, including public and private shares.
Sen. Marco Rubio (R., Fla.) said that Trump's penalties on ZTE are "severe, I don't think there's any debate about that".
The Hong Kong-listed shares of the Chinese telecom-equipment maker dropped about 40% Wednesday, in their first day of trading after a almost two-month suspension.
The Hang Seng Index fell 1.20 per cent, or 377.91 points, to close at 30,725.15.
ZTE also said in filings on Tuesday that it would work to resume operations as soon as possible after the ban gets lifted, and would republish its first-quarter financial results after assessing the impact of the ban and the settlement agreement.
The case has become a focus of bargaining talks as Washington and Beijing look to avert a trade war.
Zhongxing Telecommunications Equipment (ZTE) Corporation is a Chinese company headquartered in Shenzhen, Guangdong, China.
The National Defense Authorization Act bill includes language that reinstates prior penalties on the company that bar it from buying USA products - essentially a death sentence.
A spokesperson for Jolie said in a statement to DailyMail.com: 'This misleading leak is not in the best interests of the children. In addition, it is " critical that each of them have a healthy and strong relationship " with Brad Pitt .
Spectacular dancers will complement the spectacular dance of any composition, leaving an unforgettable impression in your memory. A special chic to the club is given by colorful and incendiary performances, over which a professional choreographer works.
The storm may bring 3 to 6 inches across much of the area, with some locations seeing up to 10 inches of rain through Thursday. Middle Georgia is forecast to have either a very small chance of above average rainfall or near normal rainfall.
In fact , Notre Dame averages nine wins per season following a Triple Crown - and has only lost 10 games, total, those 12 years. It is possible Justify could be paraded at the track like American Pharoah after he won the Triple Crown for Baffert in 2015.
But the cold front that came through last night will move back up as a warm front which will be the focus for storm development. High temperatures will be in the lower to middle 90s, and there will be a chance for afternoon showers and storms each day.
In addition, from the year 2018 GRC’s cryptocurrency rate is expected to grow due to its social usefulness and relevance. In order to do this, you need to have a considerable amount of money, a special financial education and a special license.
The NCAA Division I Council approved the proposed ( 2017-17 ) four-game redshirt rule, which was tabled in April , on Wednesday. As the attitudes toward the rights of student-athletes continue to loosen, these rules followed suit.
The meeting was also a "defining moment" for Trump, leader of "the world's police at the moment", said Cabalza. He's convinced the North Koreans know much more about where the remains are than they've revealed before.
Tips casino players online You need to understand the difference between traditional casinos and online casinos. Still, the main goal, anyway, is to get a prize and the opportunity to become rich without putting an effort.