Latest in Gear

Image credit:

China irate over US export sanctions against ZTE

The country's foreign ministry said sanctions could harm trade relations.
18 Shares
Share
Tweet
Share
Save

Sponsored Links

The US government is slapping crippling sanctions on telecom manufacturer ZTE and the Chinese government is not happy about it. China's Foreign Ministry spokesman Hong Lei said that "China is opposed to the US citing domestic laws to place sanctions on Chinese enterprises," according to Reuters. "We hope the US stops this erroneous action and avoids damaging Sino-US trade cooperation and bilateral relations." The US announced the restrictions yesterday, saying the company planned to sell US-made equipment to Iran's largest telecommunications provider in 2012, in violation of US export restrictions to the nation.

With the sanctions, US firms that work with ZTE like Intel, Microsoft and Qualcomm will be forced to apply for export licenses to ship anything to the company. Such applications will "generally be denied," according to the US commerce department.

We hope the US stops this erroneous action and avoids damaging Sino-US trade cooperation and bilateral relations

ZTE says that it's "highly concerned" about the sanctions, and that it has cooperated with the US since reports of trade with Iran first surfaced in 2012. The company makes not only mobile handsets like the Axon targeted at US and European consumers, but is also a significant supplier of telecom equipment around the world. An analyst told Reuters that "we believe the restrictions, if implemented, will cause significant supply problems to ZTE."

Source: Reuters
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
18 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's 2019 Back-to-School Guide

Engadget's 2019 Back-to-School Guide

View
Mercedes unveils A-Class and B-Class plug-in hybrids

Mercedes unveils A-Class and B-Class plug-in hybrids

View
‘Kerbal Space Program’ gets an interstellar flight sequel

‘Kerbal Space Program’ gets an interstellar flight sequel

View
HBO's 'Westworld Awakening' VR game arrives August 20th

HBO's 'Westworld Awakening' VR game arrives August 20th

View
Hideo Kojima debuts six-minute 'Death Stranding' gameplay video

Hideo Kojima debuts six-minute 'Death Stranding' gameplay video

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr