(MENAFN) Washington and Beijing are getting close to a deal that would remove a current US order banning American firms from supplying Chinese telecommunications firm ZTE Corp, according to Reuters.
Sources said the deal could include China removing tariffs on imported US agricultural products, as well as buying more American farm goods.
Hit by a seven-year ban in April, ZTE would gain a major let off after the world's two largest economies stepped back from the brink of a fully blown trade war after talks last week.
White House advisors have declared that the ban against ZTE is being reexamined, but that the firm would still face "harsh" punishment, including enforced changes of management and at board level.
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