ZTE Restored After $1.4B Fine and Executive Overhaul

The US and ZTE reach a deal allowing ZTE to resume operations after paying $1.4 billion in fines and penalties, submitting to US compliance monitors embedded in ZTE's operations for 10 years, and replacing its entire board and senior management. The deal is criticized by US congressional leaders, but Trump uses it as a bargaining chip in US-China trade negotiations. The ZTE episode reveals both the power and limitations of US export controls.