Government US allows ZTE to trade with American companies

Jul

12

2018

after payment
The US government has asked ZTE to pay $ 400 million immediately, after which the company will once again be allowed to trade with American companies. ZTE was not allowed that for a few months.

ZTE logo Until ZTE has paid the amount, the US government will continue to maintain the blockade , the Department of Commerce reports . That payment is probably done Thursday, so the company hopes that it will soon be able to fully deal with American companies again.

ZTE hopes that the agreement marks the end of the months-long trade blockade. It is the strictest punishment the US government has ever imposed on a company in such a case and the department hopes that it will deter other companies from violating agreements with the US government.

The US forbade US companies to supply components to ZTE because the Chinese company had circumvented US sanctions by implementing supplies to Iran. Because of the trade ban, it was not allowed to export or import goods or services from American companies, such as processors from Qualcomm. ZTE has been able to act in a limited way for some time.

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In: A Technology & Gadgets Asked By: [19085 Red Star Level]

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