The United States on Friday formally lifted a crippling ban on exports to China’s ZTE, rescuing the smartphone maker from the brink of collapse after it was denied key components. The US Commerce Department said it would continue to monitor the company to prevent further violations of US sanctions on Iran and North Korea and US lifts export ban on China’s ZTE.
“While we lifted the ban on ZTE, the Department will remain vigilant as we closely monitor ZTE’s actions to ensure compliance with all US laws and regulations, ” Commerce Secretary Wilbur Ross said in a statement. But the move to reverse the harsh penalties, made at President Donald Trump’s insistence, has left US lawmakers irate that’s why US lifts export ban on China’s ZTE. Congress has taken steps to keep the ban in place and accused Trump of rewarding a company which had repeatedly flouted American law, lied to authorities and engaged in espionage.
US lifts export ban on China’s ZTE :
The about-face to rescue to the company created a stark contrast with the escalating trade war between Washington and Beijing. The Commerce Department in April banned US companies from supplying ZTE with crucial components, forcing it to halt operations, after officials found further violations even after reaching a settlement in March of last year over the initial complaints therefore US lifts export ban on China’s ZTE.
In a statement this week, Senator Mark Warner of Virginia, the senior Democrat on the Select Committee on Intelligence, lambasted the reversal, saying the US military and spy agencies had branded ZTE an “ongoing threat” to US national security.
The company had paid bonuses rather than reprimanding employees involved in illegal activity and created an “elaborate scheme” to deceive US officials and obstruct justice, US officials said but as a favor to Chinese President Xi Jinping, Trump ordered Commerce to ease the penalties on ZTE as US lifts export ban on China’s ZTE.