Updated Day 488

Author: Joe Amditis

_posts/2018-05-22-day-488.markdown

@@ -25,7 +25,9 @@ author: Joe Amditis
  6/ **A bipartisan group of lawmakers say they will try to stop Trump from reducing penalties against ZTE**, the Chinese telecom giant.  The proposed deal would life a seven-year ban on the use or sale of ZTE components by U.S. chipmakers and other companies. In return, China would eliminate tariffs on U.S. agriculture or agree to buy more farm products from American companies. Republican and Democratic lawmakers are looking at ways to block any possible changes to the ban. "We will begin working on veto-proof congressional action," Marco Rubio tweeted. Dick Durbin said lawmakers are considering several options and plan to act "soon."  ([Reuters](https://www.reuters.com/article/us-usa-trade-china/u-s-lawmakers-say-they-will-try-to-block-possible-zte-deal-with-china-idUSKCN1IN27O))
 {% twitter https://twitter.com/marcorubio/status/998875240016039936 %}
 
-* **China has already reduced its import tariff on passenger cars from 25% to 15% follwing a truce between Trump and Chinese officials**. The move opens up a market that has been a major target of the U.S. in its trade ongoing battle with the world’s second-largest economy. The reduction will be a boon to U.S. carmakers, but it will also end up benefiting European and Asian manufacturers from Daimler AG to Toyota Motor Corp. ([Bloomberg](https://www.bloomberg.com/news/articles/2018-05-22/china-is-said-to-cut-car-import-duty-in-boost-for-lexus-bmw))
+* **China has already reduced its import tariff on passenger cars from 25% to 15% following a truce between Trump and Chinese officials**. The move opens up a market that has been a major target of the U.S. in its trade ongoing battle with the world’s second-largest economy. The reduction will be a boon to U.S. carmakers, but it will also end up benefiting European and Asian manufacturers from Daimler AG to Toyota Motor Corp. ([Bloomberg](https://www.bloomberg.com/news/articles/2018-05-22/china-is-said-to-cut-car-import-duty-in-boost-for-lexus-bmw))
+
+* **How China acquires ‘the crown jewels’ of U.S. technology:** The U.S. frequently fails to police foreign deals over the cutting-edge software that powers the military and American economic strength. ([Politico](https://www.politico.com/story/2018/05/22/china-us-tech-companies-cfius-572413))
 
 **NOTABLES**.