As reported recently by the New York Times, it appears that President Donald Trump’s administration has told the United States Congress that it has cut a fresh deal that should help save ZTE’s operations.
According to a report recently published by the Wall Street Journal, it appears that representatives from the United States and China are close to getting an agreement that would effectively minimize the likelihood of a trade war between the two nations. And as part of this deal, the seven year long ban on sales of American components to ZTE (which is based in China) could be lifted.
As seen on a recent filing with the Hong Kong Exchanges, ZTE had taken the opportunity to inform investors that basically all major aspects of its operations have been brought to a halt, primarily due to the export ban imposed by the United States Department of Commerce less than a month ago. The ban is implemented for a period of seven years, and will essentially mean that no company based in America will be able to sell its products and services to ZTE within that stretch of time.
According to a report recently published by Reuters, it appears that China is discussing with United States officials with regards to the seven year export restriction that was imposed on ZTE, the well known Chinese manufacturer of mobile devices and electronic components and telecommunications equipment.
According to a report published by Bloomberg, the Federal Aviation Administration (FAA) has officially issued a ban on Samsung’s Galaxy Note 7 on all aircraft, even if the phablet brought on board is not activated. Before, the FAA only released a warning to flight passengers, urging them strongly to make sure that their Galaxy Note 7 unit is powered down during flights. But now, the device is no longer allowed inside any airplane.
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