The US Commerce Department has announced it will give Chinese telecommunications equipment manufacturer ZTE a three-month reprieve from export restrictions imposed in on March 8, Reuters reported. The restrictions, imposed for allegedly breaking US sanctions against Iran, would have seriously disrupted ZTE’s sprawling global supply chain by banning US companies from exporting any technology, software or chips and processors made in the US, and even prevented the sale or even updating of of operating systems like Microsoft Windows. The easing will suspend the restrictions on Thursday until June 30, and could be extended if ZTE cooperates with the US government, the Commerce Department said.
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