Trump to hit ZTE with $1.3 billion fine before it can operate in the US again

Having slapped Chinese company ZTE with a denial order which significantly hampered its US operations, President Trump has said that the firm will pay a $1.3 billion fine and change its board and management in order to continue to operate within North America. ZTE had complained that the denial order was unacceptable, and Trump has more recently indicated a desire to get the company "back into business". Now it seems that the president has come up with a deal that involves the Chinese telecoms firm not only making security guarantees, but also buying components from US companies. See also: Trump… [Continue Reading]