US Gives ZTE Another Reprieve On Exports
ZTE can continue to export U.S. goods for another three months due 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 reprieve while ZTE worked with the government to resolve the issue. The initial reprieve gave ZTE until the end of June, but was then extended to the end of August, and now runs through Feb. 27, 2017. The ban would have disrupted ZTE's global supply chain had it been put into full effect.
Feb 23, 2017
ZTE can continue to export U.S. goods for another month due to an extension offered by the U.S.
Mar 7, 2017
ZTE today said it has agreed to pay the U.S. government significant financial penalties for exporting technology to Iran in violation of sanctions against the country.
Apr 16, 2018
ZTE is not allowed to export sensitive technology from the U.S. due to new action from the U.S.
May 22, 2018
The U.S. and China are near to reaching a deal that would offer ZTE reprieve from the seven-year ban enacted against it by the Commerce Department.