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ZTE Allowed to Export US Goods Through August

Jun 28, 2016, 6:53 AM by Eric M. Zeman

ZTE can continue to export U.S. goods for another two months thanks to an extension offered by the U.S. Department of Commerce. The Commerce Department alleged in March that ZTE violated trade sanctions in place against Iran by using shell companies to hide its exporting activities. The government initially banned ZTE from exporting any U.S. goods, parts, or components, but quickly offered a three-month reprieve while ZTE works with the government to resolve the issue. That reprieve has been extended another two months, through August 30. The ban would have disrupted ZTE's global supply chain had it been put into full effect.

Reuters »

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psycros

Jun 29, 2016, 1:09 AM

Good grief

Who cares about smartphones? Obama already gave Iran the most one-sided deal in history - they can make f**king nuclear weapons now!! And what is this nonsense about ZTE exports from the US? ZTE doesn't make anything in the US! Honestly, if people knew how bad things REALLY were nobody would even get out of bed in the morning.

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