That seems like an excellent deal to me but the Senate disagrees.Ī measure to reinstate the prohibition on allowing ZTE to buy from U.S. compliance officers to monitor the company for 10 years. ![]() The Commerce Department struck a new deal with ZTE on June 7 that required the Chinese firm to put $400 million into an escrow account, pay a $1 billion fine, replace its board of directors and senior leadership, and fund a team of U.S. suppliers, the Commerce Department said Friday, after the Chinese telecommunications giant met the conditions of a deal President Donald Trump made to save the company.
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