- The U.S. Department of Commerce delivered a stunning blow to Chinese telecoms vendor ZTE, activating a seven-year ban on U.S. firms from exporting any products to the Chinese company.
- The decision – and possible Chinese countermeasures – could have major repercussions for a number of U.S. companies, highlighting the complex and highly interdependent nature of today’s telecommunications networks.
U.S. trade relations with China continue to sour, with the decision by the U.S. Department of Commerce to issue severe sanctions against ZTE representing the latest salvo. But in the complex, interdependent global supply, the ‘penalty’ sanctions imposed by the U.S. against ZTE could ultimately exact the greatest damage on U.S. vendors. Continue reading “U.S. Telecoms Vendors Could Ultimately Be the Biggest Victims of Government Sanctions”