Tags: china | zte | us | trump | ban

China's ZTE Will Take 'Certain Actions' Against US Ban

China's ZTE Will Take 'Certain Actions' Against US Ban
(Mohamed Ahmed Soliman | Dreamstime)

Wednesday, 25 April 2018 10:06 AM

China's ZTE Corp. said on Wednesday it planned to take "certain actions" under U.S. laws following a ban by the U.S. government on American firms doing business with the company.

The U.S. Commerce Department's Bureau of Industry and Security earlier this month banned American companies from selling to ZTE for seven years, saying the Chinese company had broken a settlement agreement with repeated false statements.

The mobile phone and telecoms company said its shares will remain suspended on the Hong Kong exchange. It did not specify what actions it would take. 

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
China's ZTE Corp. said on Wednesday it planned to take "certain actions" under U.S. laws following a ban by the U.S. government on American firms doing business with the company.
china, zte, us, trump, ban
91
2018-06-25
Wednesday, 25 April 2018 10:06 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved