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ZTE will be under the watch of two monitors for at least the next four years and will be checked for compliance until at least 2028.
Step by step, Chinese manufacturer ZTE is taking steps to comply with a new list of punishments to be able to buy American products again.
The world's largest carrier happens to also be owned by the Chinese government. While there are other intervening factors going on, Trump has a trade pawn.
It still needs to forward $400 million to an escrow account so that it can come out of the imports ban it is still currently under.
President Trump will apparently brush against the will of Congress to lock Huawei and ZTE out of the US market, setting us up for a showdown.
The Commerce Department might have given the Chinese tech manufacturer a way out of its imports ban, but the Senate is right behind it to keep it locked in.
That's $1 billion straight to the US Commerce Department and another $400 million lodged with an American escrow account.
The president is back on Twitter posting about ZTE again, but it follows up on his promise to save Chinese jobs and killing a harmful imports ban.
Beijing would be willing to let tariffs on US agricultural goods go if Washington would let some of ZTE's punishment go as well.
Trump said that he's working with Chinese counterpart President Xi Jinping to prevent "too many jobs in China" from being lost. ZTE is under an imports ban from the Commerce Department.
The company says that it has sufficient money in the bank to pay workers, but that with a US imports ban, employees have nothing to do.
The Commerce Department recently banned the Chinese telecoms company from sourcing products from United States companies, including Qualcomm and Google.
With ZTE not allowed to source items from the United States, the Commerce Department is now allowing the company to present new evidence to, perhaps, get out of its ban.
The Chinese telecommunications company is prepared to fight the order banning it from source products from the United States.
The US government has blocked ZTE from sourcing anything from American companies while Apple's CEO says Macs and iPads on their own are the best at what they do. All on our show this week!
It's a huge blow to ZTE as it now figures out if it can procure Qualcomm chips, Corning screen glass and many other components for its smartphones.
The Chinese phonemaker was found by the Commerce Department to be doing business with companies in Iran and North Korea, a sanctions no-no.
ZTE could come out from under the boulder of sanctions it has been facing for a year. But it will depend on concise government action.
The sanctions that have been hanging over the head of the Chinese manufacturer may drop on February 27. Could Trump be playing hardball?
ZTE got into trouble with Commerce Department for trading with Iranian businesses back in 2012. But it has been very cooperative in various investigations.
The Commerce Department has issued its second extension of the reprieve offered to Chinese manufacturer ZTE as it cooperates in an investigation.