President Trump announced a deal to save ZTE by lifting the current export ban on U.S. products to the company. In exchange, ZTE is to pay a $1.3 billion fine, make changes to its management, and hire U.S. compliance officers.
As of Monday, there has not an official statement or posted order by the U.S. Department of Commerce lifting the ban.
The deal continues to face opposition in Congress, including from Senator Marco Rubio, a Republican from Florida, who is threatening legislative action to block the deal.
Trade negotiations between the U.S. and China are expected to resume in early June.
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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
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President Trump announced a deal to save ZTE by lifting the current export ban on U.S. products to the company. In exchange, ZTE is to pay a $1.3 billion fine, make changes to its management, and hire U.S. compliance officers.
