"Deal on the Brink of Collapse: GOP Leaders' Plans for ZTE Renovation Fall Flat In a stunning turn of events, Republican leaders' attempts to revive a deal to renovate Chinese telecommunications giant ZTE have hit a major roadblock. Earlier in the morning, a vote on a five-year renewal of the agreement, which was a compromise between the White House and lawmakers, was met with rejection. Meanwhile, President Trump's preferred 18-month renewal also failed to gain traction. The failure of these proposals raises concerns about the future of US-China relations and the fate of ZTE, which has been at the center of a high-stakes trade dispute between the two nations. As negotiations continue, it remains to be seen whether a deal can be salvaged or if the impasse will ultimately lead to more severe consequences."
Earlier in the morning GOP leaders had pushed for either a five-year renewal or the 18-month renewal President Trump had demanded, but both votes tanked.
