U.S. lifts ban on suppliers selling to China's ZTE

U.S. lifts ban on suppliers selling to China's ZTE

6 years ago
Anonymous $TjsaxHwAP-

https://www.reuters.com/article/us-usa-trade-china-zte/u-s-lifts-ban-on-suppliers-selling-to-chinas-zte-idUSKBN1K32CN

The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business. The Commerce Department had said it would remove the ban after ZTE paid a $1 billion penalty and placed $400 million in a U.S. bank escrow account as part of a settlement reached last month.