The Commerce Department previously said it would remove the ban after China's second-largest telecommunications equipment maker paid a $1 billion penalty and completed a $400 million escrow payment as part of a settlement reached last month. Warner that would reinstate penalties against ZTE in their upcoming NDAA FY2019 Conference Report.
The US Commerce Department on Friday announced it has lifted its export ban on ZTE, after the Chinese telecom giant deposited the final tranche of a $1.4 billion penalty the US imposed against it.
"We write to express our strong support for measures. that would reinstate U.S. government penalties against ZTE, a Chinese state-directed telecommunications company, and modernize the Committee on Foreign Investment in the United States", the senators wrote in the letter, which was sent on Thursday.
The reprieve follows threats by the Trump administration this week to impose 10 percent tariffs on $200 billion of Chinese goods in a trade war.
Ahead Of Summit With Putin, Trump Calls China, Russia And EU "Foes"
US President Donald Trump has offered both candid praise and unabashed criticism of Germany and its policies. "Terrible. The "CBS Evening News" published the interview with Trump from his golf club in Turnberry, Scotland, on Sunday morning.
Dwayne Johnson Is Considering a Presidential Run... but What Is He Missing?
At the NY premiere of his new movie " Skyscraper ", the actor, 46, admitted he doesn't see politics in his future. The problem is intensified when he's framed for starting the blaze. "I spent a lot of time with amputees".
Matheny fired as manager of Cardinals
Since DeWitt Jr. bought the team in 2005, Matheny was one of only two managers for the Cardinals - along with Tony La Russa. The Cardinals abruptly canned Mike Matheny on Saturday night, following an 8-2 loss to the Reds , a defeat that dropped St.
We write to express our strong support for measures in the Senate-passed Fiscal Year 2019 National Defense Authorization Act (FY 2019 NDAA) that would reinstate USA government penalties against ZTE, a Chinese state-directed telecommunications company, and modernize the Committee on Foreign Investment in the United States (CFIUS).
The sanctions influenced ZTE's decision recently to cease operations, and eliminate its entire board and appoint a new chairman. "It will deter future bad actors and ensure the Department is able to protect the United States from those that would do us harm". The ban was imposed in April after ZTE broke an agreement it reached after pleading guilty in United States federal court previous year for illegally shipping U.S. goods and technology to Iran, in violation of USA sanctions.
Since the White House agreed to lift the ban, the company's stock has soared, as have the shares of its US suppliers, including Qualcomm, Intel, Broadcom, and Texas Instruments.
The Senate approved a version of the NDAA with that amendment.