White House trade advisor warns ZTE it will be "shut down" if it does "one additional thing"

Last week, the U.S. and ZTE reached a deal that lifted the U.S. export ban that the Commerce Department placed on ZTE. The ban prevented the company from sourcing software, hardware and other components from stateside suppliers, and nearly shut down the firm. Against the wishes of a bipartisan group on Capitol Hill, the Trump administration worked out a deal. In exchange for dropping the export ban, ZTE paid another $1 billion fine, placed $400 million in escrow against future fines, and was given 30-days to overhaul its executive team. In addition, the U.S. government will select a compliance ...