UPDATE The House on Thursday voted to block the U.S. government from doing business with Chinese telecom ZTE. The measure was an amendment to the House version of the FY 2019 National Defense Authorization Act; it would bar the federal government from using ZTE technology and prevent the Defense Department from renewing contracts with vendors who work with ZTE, reports Bloomberg.
The move came just days after a Senate Committee voted to block the President’s efforts to ease sanctions against ZTE. Earlier
this month, President Donald Trump tweeted that he directed the
Commerce Department to help the telecom find a way to get “back into
business.” The Commerce Department barred U.S. businesses from selling
to ZTE last month after finding out the company didn’t live up to its
agreement with the U.S. by doing business with Iran and North Korea, Inside Towers reported.
The U.S. is considering alternatives
to its sanctions against ZTE, which banned the company from buying parts
from U.S. telecom manufacturers. One would be to place compliance
officers in the company, Commerce Secretary Wilbur Ross told CNBC on Thursday. Continue Reading