An official at the US Commerce Department says Chinese telecommunications company ZTE Corporation will pay US$400 million into an escrow account within the “next couple of days”, the final step it is needed to take to have a seven-year ban lifted.
The saga of Chinese telecommunications firm ZTE Corporation does not seem to be over yet, with the US Senate delivering a punch in the face to President Donald Trump with the passage of legislation that reinstates a seven-year ban on the company.
The US Government could soon ask Chinese telecommunications company ZTE Corporation to pay a fine of US$1.7 billion as part of a deal to allow the firm to start trading again.
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