Deals of the US and China for saving ZTE Corp.

Sharmaine Centeno
Sharmaine Centeno May 23, 2018
Updated 2022/04/14 at 10:59 AM

US President Donald Trump confirmed via tweet that the US and China are negotiating a deal for the comeback of ZTE in the US.

ZTE was banned in the US for seven years because of violation penalties against North Korea and Iran. Both sides, the US and Chinese government will assign people who have knowledge about this matter and will resolve the issue. US will change the agreement in banning the ZTE for selling and will give the company a chance to survive. White House Economic Adviser Larry Kudlow confirmed that ZTE will still face fines and the company will have a new board of directors and a new management team.

US and China negotiations will help both parties. China will improve their company and help their country’s employment and a vice-versa for the US.

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