Trump Agrees to Bailout Chinese Company

President Trump “said 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,” the Washington Post reports.

“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.”