Trump appears to confirm deal on Chinese firm ZTE

Trump appears to confirm deal on Chinese firm ZTE

President TrumpDonald John TrumpTom Arnold claims to have unreleased 'tapes' of Trump Cohen distances himself from Tom Arnold, says they did not discuss Trump US military indefinitely suspends two training exercises with South Korea MORE late Friday appeared to confirm that his administration had reached a deal to put Chinese telecommunications company ZTE back in business.

In a pair of tweets, the president blasted the Obama administration and Senate Minority Leader Charles SchumerCharles (Chuck) Ellis SchumerDonald Trump Jr. headlines Montana Republican convention Montana's environmental lobby teams with governor to kill 600 jobs Dems allow separation of parents, children to continue, just to score political points MORE (D-N.Y.), accusing them of letting the telecom giant "flourish with no security checks."

"I closed it down then let it reopen with high level security guarantees, change of management and board, must purchase U.S. parts and pay a $1.3 Billion fine," Trump wrote. "Dems do nothing but complain and obstruct."

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The tweets came hours after a senior congressional aide told Reuters that a deal had been reached to allow ZTE to resume business with U.S. companies pending a change in management and a major fine.

Reports have circulated for days that the Trump administration and Beijing were working to secure a deal to save the Chinese telecom giant, which was banned by the Commerce Department from buying tech components after it violated U.S. sanctions by selling equipment to North Korea and Iran.

The reported deal with ZTE raised alarms among lawmakers from both sides of the aisle this week, including Sen. Marco RubioMarco Antonio RubioRubio heckled by protestors outside immigration detention facility Bill to protect work licenses of student loan debtors is welcome development Political figures pay tribute to Charles Krauthammer MORE (R-Fla.), who criticized Trump over a previous tweet announcing the deal's progress.

"Are you kidding me? $1.3 billion? And the other sanction, guess what it is? We're going to force you to buy more things from America. Well, that's not a punishment. That's a reward. That's exactly what they want. ... That's a terrible deal," Rubio said on the Senate floor.

Schumer issued his own statement rebuking Trump for the reported deal earlier Friday, accusing the president of "helping make China great again."

"Simply a fine and changing board members would not protect America’s economic or national security, and would be a huge victory for President Xi [Jinping], and a dramatic retreat by President Trump," Schumer said in a statement.

"Both parties in Congress should come together to stop this deal in its tracks."