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Posts Tagged ‘commerce department’

US Commerce Department officially lifts trade ban on ZTE

Friday, July 13th, 2018

It has been a weird couple of months for ZTE since the US Commerce Department imposed a complete trade ban on ZTE that cut it off from its US suppliers. ZTE was forced to shut down while it worked on a solution with the government, and now it's back in action. The Commerce Department has confirmed that ZTE followed through with the new settlement requirements, so the trade ban is no more.

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US Commerce Department officially lifts trade ban on ZTE was written by the awesome team at Android Police.

ZTE signs escrow agreement with U.S. to lift trade ban

Thursday, July 12th, 2018

After the U.S. Department of Commerce banned ZTE from importing US-made components, due to the company violating an agreement it made in 2017, ZTE shut down most operations while it fought to lift the ban. The Commerce Department told ZTE it had to pay over a billion dollars in fines and replace its entire senior leadership for the ban to be lifted, which ZTE agreed to last month.

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ZTE signs escrow agreement with U.S. to lift trade ban was written by the awesome team at Android Police.

ZTE agrees to $1 billion fines, replaces board of directors, to continue US operations

Thursday, June 7th, 2018

After the U.S. Department of Commerce banned ZTE from importing US-made components, due to the company violating an agreement it made in 2017, ZTE shut down most operations while it fought to lift the ban. Earlier this month, Trump announced he wanted to help ZTE, as part of negotiating a trade deal with China.

The President said the company would have to pay a $1.3 billion fine and change management for the ban to be lifted, and a few days ago, ZTE reportedly reached an agreement with the Department of Commerce.

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ZTE agrees to $1 billion fines, replaces board of directors, to continue US operations was written by the awesome team at Android Police.

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