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US ban on sales to China's ZTE opens fresh front in trade battle

ZTE is China's No. 2 telecom equipment maker after Huawei Technologies Co Ltd, the No. 4 seller of smartphones in the United States

Reuters  |  London/New York/Hong Kong 

The United States has banned American firms from selling parts and software to China's ZTE Corp for seven years, potentially devastating for the telecoms equipment maker and exacerbating tensions between the world's two largest economies. The move, first reported by Reuters, comes at a time when the two countries have threatened each other with tens of billions of dollars in tariffs in recent weeks, fanning worries of a full blown trade war that threatens global supply chains as well as business investment plans. The US Commerce Department imposed the ban following ...

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First Published: Tue, April 17 2018. 22:10 IST