ZTE Just Dealt Major Blow by US

[AndrewFreedman]

ZTE is going to have some trouble making phones for the United States. The Chinese company was just hit by a ban on American exports from the Department of Commerce.

ZTE Just Dealt Major Blow by US : Read more

 

[richard10570]

Oh, a Chinese company lied. Shocking, absolutely shocking!

 

[xurocca]

"This comes as punishment for illegally shipping telecommunications equipment to Iran and North Korea."

Wow, the current administration doing something ethical?

Well, even a broken clock is right twice a day even if somehow Trump manages just once..

 

[shawndugout13]

Why does the story go off script into they see no spying on you, when the reason is "This comes as punishment for illegally shipping telecommunications equipment to Iran and North Korea. As part of a plea deal, ZTE was supposed to reproach any employees involved and revoke bonuses. But according to the Department of Commerce, bonuses were paid in full. The company paid monetary fines, and also agreed that it would give up its export rights if it failed to rebuke its employees. Now, the U.S. is pulling the trigger."
and "ZTE made false statements to the U.S. Government when they were originally caught and put on the Entity List, made false statements during the reprieve it was given, and made false statements again during its probation," Secretary of Commerce Wilbur L. Ross, Jr. said in a statement." Do the crime. Do the time.