On May 22, the Wall Street Journal quoted sources as saying that China and the United States reached a consensus on resolving ZTE-related disputes. The United States will cancel the ZTE sales ban and maintain its business under the discussion agreement. Sources also stated that ZTE will be required Large-scale adjustment of management and board of directors.
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If this news is true, it will undoubtedly end the suspension of ZTE's US ban that lasted for nearly a month. On May 19th, China and the United States issued a joint statement on bilateral economic and trade consultations in Washington. U.S. It said that China and the United States have reached an agreement to stop the trade war and stop levying tariffs on each other. On the evening of May 21, ZTE also stated in an internal letter that the lifting of the refusal orders as soon as possible is always the sole objective of the company. It seems that the goal is getting closer and closer.