President Trump has pulled back from his ban on ZTE buying components from US companies, and is considering alternative penalties for the Chinese firm’s alleged infringement of US rules on exports to Iran. This is all part of a broader set of talks with China over trade relations, which have been worsening in recent months, but some Congress members from both parties have hit back at Trump’s softer stance. On Tuesday, the White House announced $50bn of tariffs on goods imported from China “to protect domestic technology and intellectual property from certain discriminatory and burdensome trade practices by China”. It announced that “the United States will impose a 25% tariff on $50bn of goods imported from China containing industrially significant technology,…