Trump administration reportedly says it reached deal to revive phone maker ZTE

Trump administration reportedly says it reached deal to revive phone maker ZTE

6 years ago
Anonymous $CLwNLde341

https://www.cnet.com/news/trump-administration-reportedly-says-it-reached-deal-to-revive-phone-maker-zte/

The Trump administration told lawmakers it reached a deal to keep Chinese phone maker ZTE in business, a person familiar with the matter told The New York Times. 

The deal, which was arranged by the Commerce Department, requires ZTE to pay a "substantial" fine, hire American compliance officers and change its management team. The Commerce Department, in return, would lift an order that currently prevents the company from buying American products.