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U.S. Bans American Companies From Selling to China's ZTE
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16 Apr 2018 05:18 PM EST

On Monday, US officials said the U.S. Department of Commerce has banned American companies from selling components to leading Chinese telecom equipment maker ZTE. The action could be devastating to ZTE since American companies are estimated to provide up to 30 percent of the components used in ZTE’s equipment. The ban is the result of ZTE’s failure to comply with an agreement with the U.S. government after it pleaded guilty to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.

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