ZTE’s export ban is set to be lifted

The US Commerce Department has signed an agreement with to lift the export ban on ZTE.
In keeping with the style of the current US administration the move was communicated via a tweet.
Our statement on #ZTE and the escrow agreement: pic.twitter.com/w0Bbej1mAU
— U.S. Commerce Dept. (@CommerceGov) July 11, 2018In practice this will complete the outstanding part of the $1.4 billion penalty agreement ZTE reached with the Department in June, coming on top of the $1 billion it already paid. In a