The battle between the Chinese telecommunication equipment manufacturer and smartphone maker ZTE and the United States Department of Commerce is nearing its end. After many suspensions, fines and a total trade ban, now the DoC has announced on Twitter that the agreement is about to be finalized. The deal will see ZTE deposit $400 million into an escrow account and receive a notice for lifting the denial order. Our statement on #ZTE and the escrow agreement: pic.twitter.com/w0Bbej1mAU— U.S. Commerce Dept. (@CommerceGov) July 11, 2018 ZTE was initially blocked from trading with US...
Source: https://www.gsmarena.com/zte_usa_reach_agreement_lift_ban-news-32183.php
