Reuters quotes information from people familiar with the matterreportThe Trump administration is likely to issue a $1 billion 700 million ticket to ZTE soon.
Trump had previously said he would punish ZTE for $1 billion 300 million, and $1 billion 700 million did not mean an increase in the amount, but a civil fine of $361 million that ZTE agreed to the US Commerce Department last year.
In April, the US Commerce Department imposed a 7 year trade ban on a violation of the settlement agreement by ZTE, which led to its lack of American spare parts to stop major business activities. The US Department of commerce is also looking for an unconstrained field trip to confirm whether the use of components in the United States is in line with ZTE, and hopes to publish data on the use of American components on its website. The United States also hopes to reorganize the board and the executive team within 30 days, but the agreement has not been finalized, and the sources say the amount may be changed and the terms may be adjusted.