Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.

The 85-10 bipartisan vote marked one of the few times the Republican-led Senate has veered from White House policy and came on the same day that U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, escalating tensions between the world’s two biggest economies.

Källa: ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in..

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