Trump, China close to securing export deal to return ZTE to health

May 22, 2018

Via: ZDnet

The Trump Administration and Beijing are close to inking a deal which would potentially restart ZTE’s crippled business.

According to sources speaking to Reuters, the governments are currently finalizing an agreement which would remove an existing US export order which has sent ZTE’s fortunes into a downward spiral.

ZTE was hit with a ban by the US Commerce Department which prevented US companies from selling hardware and equipment to the telecommunications giant for seven years.

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