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The United States temporarily authorized the Chinese telecommunications company ZTE to resume certain activities as it works to fulfill the conditions set by Washington in a political settlement reached last month.
In a Federal Register notice issued Tuesday, the ZTE Commerce Department until August 1 to continue to support its existing US equipment and networks, lifting some restrictions put in place in April that had brought the company to the brink. from the collapse.
Waiver does not allow companies to start new business with ZTE,
This decision follows the decision by President Donald Trump in May to spare ZTE in favor of Chinese President Xi Jinping [19659002] In April, the Commerce Department banned the sale of crucial US components to the company after finding repeatedly lied and failed to take action against employees responsible for the violations of the sanctions.
But in an agreement reached last month, Washington offered to ban the company if it agreed to pay an extra billion dollars (about Rs. 6,800 crores), replacing its board of directors. administration, retain external controllers and put $ 400 million (about 2,700 crores) in escrow to cover future penalties.
ZTE took one of these measures last week, removing its board of directors However, the Wall Street Journal reported Friday that new board members maintained links with the company. controlling shareholder of ZTE, a state-backed entity, and that former members would remain influential on the company.
Trump's deferment for ZTE outraged lawmakers, who have advanced legislation to block the case and who say he has rewarded a company that has repeatedly violated US law and committed to it. 39; espionage.
Relaxation on ZTE comes as trade relations between Washington and Washington. Beijing continues to worsen.
The United States is expected to begin Friday to impose tariffs of more than $ 30 billion (about 2 million rupees) on Chinese imports. Shington describes as the theft of Beijing's US technology and other unfair trade practices.
Beijing has promised to respond to it immediately with its own tariffs, which Trump said will prompt steeper US countermeasures, potentially covering $ 400 billion. 27.4 lakh crores) in Chinese goods.
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