https://wccftech.com/huawei-zte-to-come-under-the-sweeping-purview-of-the-commerce-department-secretary-wilbur-ross/

The U.S. Commerce Department is reportedly considering a proposal that would mandate a formal approval from the Commerce Secretary Wilbur Ross for all sensitive transactions that involve the import of foreign technology with an associated national security risk. According to the Financial Times, this plan is primarily intended to thwart the third-party infiltration risk that purportedly stems from Chinese-sourced equipment.

Although this outlined approach does not specifically mention ZTE (SHE:000063) or Huawei, the implications for these two tech giants are evident. As per reported details, Mr. Ross will be empowered to halt or revise any transaction that pertains to an exchange of sensitive hardware, software or data services between an American entity and one linked to a “foreign adversary”. Interestingly, the determination of who or what constitutes a foreign adversary will remain at the sole discretion of the Commerce Secretary.