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ZTE Takes Another Sanctions Hit For Lying To US Gov't

Law360 (April 16, 2018, 1:20 PM EDT) -- The Trump administration on Monday issued an order effectively barring U.S. companies from shipping components to ZTE Corp. after discovering that the Chinese telecom giant lied to the government in the probationary period that followed its $892 million settlement for sanctions violations last year.

Part of the settlement agreement struck last year stipulated that any further malfeasance from ZTE would trigger a seven-year denial of export privileges for the company, effectively locking it out of the U.S. production pipeline. (AP) Following ZTE's admission of making unlawful...
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