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US Treasury chief says any ZTE penalty changes won't hurt security

Published May 22, 2018 Updated May 22, 2018 03:51pm

Mnuchin, testifying before a US Senate Appropriations subcommittee, said that any consideration of changes for ZTE "was not a quid-pro-quo or anything else" related to trade.

"I can assure you that whatever the Commerce Department decides, the intel community has been part of the briefings and we will make sure that we will enforce national security issues," Mnuchin said. "If there are any proposed changes on ZTE, the objective was not to put ZTE out of business, the objective was to make sure that they abide by our sanctions programs."

Copyright Reuters, 2018