Reuters reports, via unnamed sources, that ZTE has signed a preliminary agreement with the U.S. Commerce Department that would allow ZTE to once again buy parts for its devices from U.S. -based hardware and software suppliers such as Qualcomm and Google. They'll have to pay a $1 billion fine, plus $400 million in escrow in case they do more shady sh*t. A Commerce Department spokesman said that "no definitive agreement has been signed by both parties". Hopefully this time ZTE respects the wishes of the USA government to not sell to banned countries and ultimately this may lead to China and the us finally coming to a real agreement on the larger on-going trade discussion. But Reuters reports that ZTE and the usa government have signed a preliminary agreement that will lift the Denial Order. As a result, the Commerce Department enacted a seven-year sanction on ZTE, which was part of the initial guilty plea but suspended, pursuant to ZTE carrying out the other steps it promised. He also said ZTE was "reflective of the larger trade deal we are negotiating with China and my personal relationship with President Xi". The visits would verify that ZTE is using USA components as they have agreed.
However, last month, Trump tweeted that "too many jobs in China" were being lost because of the US action and that he had instructed the Commerce Department to find a solution.
And last week, the Daily Beast reported that a day after the president said he wanted to help ZTE, the tech company hired the Mercury Public Affairs firm to lobby on its behalf in Washington.
A new report claims ZTE has signed a preliminary agreement with the USA government that would allow it to once again use parts from US phone suppliers.
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The US said its officials were the victims of "specific attacks", but has not yet blamed anyone for being responsible. The employee was later diagnosed with a mild traumatic brain injury, according to The Washington Post .
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The terms, they said, were in line with Reuters reporting on the USA demands Friday. The U.S. government has not signed the deal yet, however, ZTE has agreed to a previously drawn up deal. "Congress should move in a bipartisan fashion to block this deal right away".
Those measures had threatened to put ZTE out of business.
United States companies provide an estimated 25 to 30 percent of components in ZTE's equipment, which includes smartphones and gear to build telecommunications networks.