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Senators move to reinstate ZTE ban as Commerce waits for payment

June 12, 2018


Senators move to reinstate ZTE ban as Department of Commerce said ZTE must replace its entire board of directors within the next 30 days
Adding a new wrinkle to the ZTE saga, a bipartisan group of senators is trying to reinstate the ban on the Chinese vendor in spite of a Trump administration deal with the company. Meanwhile, the Department of Commerce says the seven-year export ban on ZTE stays in place until the firm pays a $1 billion fine and places an additional $400 million in escrow in a U.S.-approved bank.

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