Insists that the company cannot ' evade punishment '. "They broke the law several times after being warned," Coudrot told CNBC in a recent interview. He also said ZTE's ' remedial measures ' could include ' huge fines, very stringent compliance measures, new boards and new management teams '. Coudrot said: ' Believe me, ZTE cannot evade punishment, they will not go unpunished.
' The U.S. Department of Commerce issued a ban in April banning U.S. companies from selling products to ZTE within 7 years because ZTE violated U.S. sanctions.
But on May 13, Trump announced that the decision had caused ' too much unemployment ' in China, and he promised to bring the company back into business. Steven Mnuchin, the US Treasury secretary, said Mr. Trump had asked him to intervene with Commerce Minister Wilbur Ross (Wilbur Ross) without Stephen Mnu any demands.
Mnu added that the ban was not intended to bankrupt ZTE and that any changes under consideration were aimed at strengthening U.S. national security. "It is not surprising that the Chinese government has asked Mr. Trump to re-examine the ZTE ban," Mnu said in an interview with CNBC. Unlike advisers, Trump admits there is a link between the ZTE dispute and trade talks.
It is reported that China will not continue its trade talks with the United States unless Washington agrees to loosen sanctions on ZTE. Senior White House officials such as Coudrot continue to insist that ZTE is an irrelevant issue. Mnu said in Monday: ' including Minister Ross, I myself and others agree that this is primarily a matter of law enforcement.
ZTE did not immediately respond to CNBC's request for comment. White House economic advisor: ZTE can resume business | But we can't avoid the punishment.