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Trade war

Trump floats ZTE compromise but faces opposition in Congress

US works toward ending ban in favor of $1.3bn fine and management changes

A woman enters a service center of ZTE in Hangzhou, Zhejiang province, China.   © Reuters

NEW YORK -- U.S. President Donald Trump suggested on Tuesday levying a substantial new fine against Chinese smartphone maker ZTE -- as high as $1.3 billion -- and forcing management changes at the company in exchange for lifting American sanctions, as part of a broad trade deal with China.

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