May 22, 2018 / 4:35 PM / a month ago

Trump says there is no deal with China to lift ban on ZTE Corp

WASHINGTON (Reuters) - President Donald Trump on Tuesday said there is no deal with China on ZTE Corp, as lawmakers from both parties worked to block him from easing penalties on the Chinese telecommunications company.

FILE PHOTO: U.S. President Donald Trump attends a dinner with governors on border security and safe communities at the Blue room of the White House in Washington, U.S., May 21, 2018. REUTERS/Carlos Barria

According to sources familiar with discussions on a possible deal, Washington would lift its ban on U.S. firms supplying ZTE in return for agricultural concessions from China. The ban has threatened the viability of ZTE, China’s second-largest telecoms maker.

Trump made the remarks to reporters ahead of a meeting with South Korea’s President Moon Jae-in at the White House.

Reporting by Jeff Mason; Writing by Lisa Lambert; Editing by Chizu Nomiyama

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