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trade ban

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Trump considering executive order to block all ZTE and Huawei sales in the US

The latest development in the ongoing trade war between China and the US could see Donald Trump sign an executive order that would block all US businesses from buying equipment made by ZTE and Huawei. The order would invoke a national emergency, thus giving Trump the power to implement the ban.

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ZTE signs escrow agreement with U.S. to lift trade ban

After the U.S. Department of Commerce banned ZTE from importing US-made components, due to the company violating an agreement it made in 2017, ZTE shut down most operations while it fought to lift the ban. The Commerce Department told ZTE it had to pay over a billion dollars in fines and replace its entire senior leadership for the ban to be lifted, which ZTE agreed to last month.

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