Security News > 2018 > June > U.S. in Deal to Ease Sanctions on China's ZTE: Top Official

U.S. in Deal to Ease Sanctions on China's ZTE: Top Official
2018-06-07 15:19

US officials reached a deal Thursday to ease sanctions which threatened to cripple Chinese smartphone maker ZTE, Commerce Secretary Wilbur Ross said. Ross told CNBC television the deal includes a $1 billion fine levied on the Chinese firm and a requirement that it change its board of directors. read more


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