US and China work on ZTE rescue; Mnuchin denies quid pro quo

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US and China work on ZTE rescue; Mnuchin denies quid pro quo

May 22nd 2018, 22:26, by By Paul Wiseman and Martin Crutsinger The Associated Press

WASHINGTON >> The United States and China are working toward an agreement that would ease U.S. sanctions that were imposed on ZTE Corp. and let the Chinese telecommunications giant stay in business.

President Donald Trump said Tuesday that the deal might require ZTE to revamp its board and to pay a fine of $1 billion or more.

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