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White House's Navarro says 'three strikes you're out' for ZTE

Reuters  |  WASHINGTON 

By Michelle PriceWASHINGTON (Reuters) - Chinese technology company ZTE Corp will be "shut down" in the United States if it engages in one more bad activity, White House trade adviser Peter Navarro warned on Sunday. ZTE last week agreed to pay a $1 billion fine to the United States and to overhaul its leadership in order to end a crippling ban on the Shenzhen-headquartered firm from buying parts from U.S. suppliers and allowing it to get back into business. The ban, which traces back to a breach of the U.S. embargo on trade with Iran, had prevented China's second largest telecoms equipment ...

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First Published: Sun, June 10 2018. 21:17 IST
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