Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
June 7, 2018 03:43 pm GMT

Welp, the U.S. is already ending its ZTE sanctions. Here’s how it happened

Well folks, it's been one weird ride. 

Commerce Secretary Wilbur Ross announced Thursday that the U.S. is ending the sanctions it imposed on Chinese handset maker ZTE only two months ago.

The U.Simposed the sanctions in the first place because ZTE had failed to comply with an original round of punishment for doing business with Iran and North Korea, and then misled the commerce department about their actions...but more on that later.

SEE ALSO: It's time for Huawei to prove its phones aren't spying on Americans

The U.S. had revoked export privileges, meaning that ZTE couldn't get parts manufactured in the U.S. that it needed to make its handsets. That caused the business to end its operations. Read more...

More about China, Sanctions, Trump, Trade, and Zte

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/P1l3EJz7fKU/

Share this article:    Share on Facebook
View Full Article

Mashable

Mashable is the top source for news in social and digital media, technology and web culture.

More About this Source Visit Mashable