FEDERAL DAILY ACTION: Friday, June 1, 2018
Submitted by Margaret Petty
SUPPORT LEGISLATION TO CHECK TRUMP’S ZTE DEAL
On May 10th, an Indonesia developer secured a $500 million loan from the Chinese government to build a resort called Lido City, which will include Trump-branded hotels, a golf course and residences. Within 72 hours, Trump announced via tweet that he plans to remove sanctions on the Chinese telecom company ZTE. Sanctions were applied in 2017 after ZTE admitted …
The move would allow stalled trade negotiations with China to move forward, but is also likely to provoke an intense backlash on Capitol Hill.
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