Senate votes to reinstate ZTE ban that’s nearly shut down the company
The US Senate has voted to reinstate a ban on ZTE that prevents the Chinese telecom company from buying US components and using US software. But it’s still not clear if the reversal will make it into law: it has to clear a conference with the House, and then avoid a veto from President Trump, who advocated for cutting a deal that would lift the ban.
ZTE was hit with the trade ban by the US Commerce Department in April after failing to following through with a punishment for violating sanctions on Iran and North Korea. That ban essentially shut down ZTE, which relies on US parts like Qualcomm processors. Shortly thereafter, Trump said he would cut a deal to revive the company, and a deal was reached — with additional penalties that the…
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