The US and China are close to an agreement ZTE

Earlier, Washington has banned the supply of American components, Chinese technology companies

The US and China are close to reaching an agreement on lifting the seven-year ban on the sale of parts of American Chinese technology giant ZTE in the ongoing trade negotiations between the two largest economies in the world.

The details of the agreement are still being discussed, however, as reported Tuesday by the American media, under the agreement, ZTE will carry significant changes in its leadership and may pay additional penalties in addition to the $ 1.2 billion that Washington ordered her to pay last year in connection with the violation of the sanctions regime against Iran and North Korea.

The President of the United States Donald trump last week said that he and Chinese President XI Jinping is working to ensure that Chinese telecommunications company ZTE “could quickly return to business.” According to trump, due to the US imposed ban on export of U.S. components in China lost “too many jobs” because the company is forced to close their businesses. “The Ministry of Commerce has been instructed to tackle this issue.” – trump wrote on Twitter.