ZTE asks the US Commerce Department to lift its ban

ZTE asks the US Commerce Department to lift its ban

ZTE asks the US Commerce Department to lift its ban

Citing two sources with knowledge of the matter, Reuters reports that China has asked the United States to amend the seven-year ban that prevents US companies from doing business with ZTE.

ZTE has said the ban was unacceptable and that the sanction threatens its survival.

Chinese telecom giant ZTE Corp (中興) has asked the USA government to lift a ban on sales to the company, which threatens its survival and has added to trade tensions between Washington and Beijing.

The Chinese negotiators holding trade talks with USA counterparts in Beijing asked the United States to hear ZTE's appeal, take into account the company's efforts to improve its compliance and amend the ban as per the reports of the previous week.

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It has also been noticed that China is heavily relied on the imports from United States. Unfortunately, ZTE didn't comply but lied they did, leading to the enforcement of the US exports ban until March 2025. The Chinese government said it lodged "solemn representations" with the United States over the ban.

"The Denial Order will not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of USA companies", ZTE said in a statement last month.

The ban on sales to ZTE, which is heavily reliant on imports of USA chips, had threatened to scupper the Chinese firm's smartphone business.

ZTE shares, which trade in Hong Kong and Shenzhen, have been suspended since the Commerce Department announced the ban last month. ZTE pleaded guilty to the charges in March previous year and was fined US$1.2 billion.

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