US Levels Trade Sanctions against Major Telco Manufacturer

The US Commerce Department placed heavy trade restrictions on the multinational conglomerate ZTE yesterday, citing evidence that the telecommunications equipment manufacturer had exported products to a sanctioned country in violation of the international embargo in place there. Reuters reports that the sanctions, which almost completely restrict US companies from supplying their products to ZTE, are likely to substantially disrupt its sprawling global supply chain, and could potentially result in shortages of critical parts.