ZTE Says Judicial Recourse Against US Ban if Necessary
Chinese telco giant ZTE lashed out at the US for imposing an export ban on its products last Friday, saying that it may take legal action to protect the interests of the company and its investors.
The phonemaker said that it had invested significant efforts since April 2016 to ensure its practices and processes were in compliance with export laws. Despite this, US Bureau of Industry Security still triggered the Suspended Denial Order which bans ZTE from buying components and software from US manufacturers for seven years.
The US justified the ban by saying that company had issued false statements and even paid bonuses to employees who sold telecommunications equipment, running on US technology, to North Korea and Iran.