Language : English 简体 繁體

U.S. may soon claim up to $1.7 billion penalty from China's ZTE - sources

Jun 04 , 2018

(Reuters) - The Trump administration may soon claim as much as $1.7 billion penalty from ZTE Corp (000063.SZ), as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter.

The Commerce Department is also seeking unfettered site visits to verify U.S. components are being used as claimed by ZTE, and wants it to post calculations of the U.S. components in its products on a website, the people said.

Back to Top