US hits Chinese telecoms giant ZTE with seven-year components ban

Subscribe to our YouTube channel here: https://sc.mp/2kAfuvJ The US government has banned American companies from selling components to Chinese telecoms equipment maker ZTE for seven years. The company was accused of making false statements during an investigation into sales of…

US hits Chinese telecoms giant ZTE with seven-year components ban

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The US government has banned American companies from selling components to Chinese telecoms equipment maker ZTE for seven years. The company was accused of making false statements during an investigation into sales of its equipment to Iran and North Korea, which is in violation of the UN sanctions resolutions. The move comes amid the threat of a US-China trade war, and ZTE is likely to lose market share in the US.

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