White House defends allowing China's ZTE to buy US parts
WASHINGTON (AP) — The White House is defending its decision to allow Chinese telecom giant ZTE to buy component parts from the U.S.
Spokesman Hogan Gidley on Wednesday pointed to "massive penalties" imposed on ZTE as part of what he describes as "historic enforcement action" after the company was accused of violating sanctions.
The company agreed to pay a $1 billion penalty and replace its top managers.
Gidley says the changes ensure ZTE pays for its violations and gives the U.S. government "complete oversight" of its activity.
The Republican-led Senate has... read more
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