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.
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.
Jun 29, 2018
ZTE is nearly ready to install a new board of directors, a step required by the U.S. Department of Commerce if the company wants to end the ban on U.S.
May 13, 2018
President Trump took to Twitter this morning to suggest he's looking to recall the Commerce Department's ban against ZTE. "President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast," wrote the President.
Jun 20, 2018
ZTE will be the topic of discussion at a meeting today between President Trump and members of the Senate and House of Representatives, reports Reuters. Trump wants to talk about the "problematic" amendment made to the National Defense Authorization Act (NDAA) earlier this week, which will keep certain sanctions against ZTE in place.