US lifts trade ban on ZTE in controversial deal with Chinese phone maker

The United States has lifted its trade ban on ZTE, allowing the Chinese telecom to once again obtain critical parts and software from American companies, after three months of being unable to do so. The trade ban all-but shut down ZTE after it went into place in April, since the company was no longer able to acquire products like Qualcomm processors or Android software from the US.

In an announcement that appears designed to address security concerns around ZTE, Commerce Secretary Wilbur Ross said the department would "remain vigilant" in monitoring ZTE's actions. "Three interlocking elements — a suspended denial order, the $400 million in escrow, and a compliance team selected by and answerable to the Department — will allow the...

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