Trump Administration Imposes Record Penalties on Chinese ZTE

U.S. Commerce Secretary Wilbur Ross announced fines of over $1.4 billion against ZTE last week in an agreement that would allow the Chinese telecommunications giant to continue purchasing materials critical to its business from U.S. companies. Under the terms of the agreement the company has agreed to pay $1 billion before the Commerce Department’s Bureau […]

Continue Reading

Trump Decides to Keep Chinese Telecom Giant ZTE Alive

The Trump administration has reached a deal that would keep Chinese telecom giant ZTE in business it was announced yesterday. The administration had previously barred it from doing business with American companies, including San-Francisco-based microchip maker Qualcomm, a main ZTE supplier. The decision threatened to put ZTE out of business within weeks. ZTE employs roughly […]

Continue Reading