Welp, the U.S. is already ending its ZTE sanctions. Here’s how it happened

Well folks, it’s been one weird ride. 

Commerce Secretary Wilbur Ross announced Thursday that the U.S. is ending the sanctions it imposed on Chinese handset maker ZTE only two months ago.

The U.Simposed the sanctions in the first place because ZTE had failed to comply with an original round of punishment for doing business with Iran and North Korea, and then misled the commerce department about their actions…but more on that later.

The U.S. had revoked export privileges, meaning that ZTE couldn’t get parts manufactured in the U.S. that it needed to make its handsets. That caused the business to end its operations. Read more…

More about China, Sanctions, Trump, Trade, and Zte