US hits China's ZTE with $1 billion penalty in deal to end crippling sanctions, Commerce Secretary Ross says
https://www.cnbc.com/2018/06/07/commerce-secretary-wilbur-ross-the-us-strikes-a-deal-with-zte.html
The U.S. has struck a deal with Chinese telecom giant ZTE to end crippling American sanctions, Commerce Secretary Wilbur Ross told CNBC on Thursday.
The department said the deal includes a $1 billion penalty against ZTE and a U.S.-chosen compliance team.