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ZTE and USA reach an agreement to lift ban

10 monthes ago   |   By GSMArena

The battle between the Chinese telecommunication equipment manufacturer and smartphone maker ZTE and the United States Department of Commerce is nearing its end. After many suspensions, fines and a total trade ban, now the DoC has announced on Twitter that the agreement is about to be finalized. The deal will see ZTE deposit $400 million into an escrow account and receive a notice for lifting the denial order.
Our statement on ZTE and the escrow agreement: pic.twitter.com/w0Bbej1mAU— U.S. Commerce Dept. July 11, 2018
ZTE was initially blocked from trading with US...
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ZTE shares surge 22% as US sanctions lift moves step closer

ZTE shares surge 22% as US sanctions lift moves step closer

10 monthes ago   |   By Phys.org

Shares in Chinese telecoms equipment maker ZTE surged more than 20 percent in Hong Kong on Thursday after the company moved a step closer to having a painful US purchase ban lifted.
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The U.S. and ZTE reach a deal that will lift export ban

10 monthes ago   |   By TechCrunch

The United States government has made a deal with Chinese telecommunications giant ZTE that, once completed, will lift the ban preventing the company from working with American suppliers. The agreement eases tensions in the U.S.-China trade war because the seven-year denial order, which the Trump administration imposed in April after ZTE violated sanctions against North Korea and Iran, was a major point of contention between the two countries.
Our statement on ZTE and the escrow agreement: pic.twitter.com/w0Bbej1mAU
- U.S. Commerce Dept. July 11, 2018
According to a statement from the...
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