Commerce Sec Wilbur Ross: We’re exploring ‘alternative remedies’ for ZTE ban

Source: 
Author: 

Commerce Secretary Wilbur Ross said that the Trump administration is open to changing its ban on US companies buying and selling products from Chinese phone-maker ZTE, a day after President Donald Trump hinted at a surprising reversal. “ZTE did do some inappropriate things. They’ve admitted to that,” Sec Ross said. “The question is: Are there alternative remedies to the one that we had originally put forward? And that’s the area we will be exploring very, very promptly.”

Ross’s Commerce Department levied a harsh penalty against the electronics company in April 2018, imposing a seven-year ban on American companies selling or purchasing its products. The US had reached an agreement with ZTE in March 2017 that included a $1.19 billion fine, but it added the new ban because it said the company broke the agreement by failing to punish top managers.


Commerce Sec Wilbur Ross: We’re exploring ‘alternative remedies’ for ZTE ban Remarks by Secretary Wilbur L. Ross at the National Press Club Headliners Luncheon