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Posts Tagged ‘import ban’

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.

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