U.S. reportedly proposed fines of up to $1.7 billion for ZTE

Reuters quoted sources as saying that the U.S. President Trump administration plans to require ZTE to pay a fine of up to 1.7 billion U.S. dollars and to strengthen internal supervision in exchange for the withdrawal of embargoes by the United States. However, the two parties have not yet finalized the final clauses, and do not rule out the eventual change. .

Sources pointed out that the U.S. Department of Commerce also requested ZTE to replace all directors and management teams within 30 days.

It is reported that the U.S. Department of Commerce is dispatching personnel to inspect ZTE's office locations to confirm that the parts shipped from the United States to the company are used by ZTE for its stated purpose. The Ministry of Commerce's handling of ZTE was made by Commerce Secretary Ross this week to negotiate trade with China. One of the topics.