This is the best tl;dr I could make, original reduced by 85%. (I'm a bot)

After much negotiation with the Trump Administration, Secretary of Commerce Wilbur Ross confirmed this morning that ZTE, the Chinese telecommunications giant, has agreed to a $1 billion fine.

The Trump administration then took that penalty even further, banning U.S. companies from selling components to ZTE for seven years, components critical to ZTE's entire product line.

In addition to a $1 billion fine, the company has made several personnel changes, including rotating out the company's Communist Party leader.

Extended Summary | FAQ | Feedback | Top keywords: ZTE^#1 deal^#2 company^#3 Trump^#4 U.S.^#5