US agrees to lift Trump-era ban on China's Xiaomi
CNN
The US government will no longer blacklist Chinese smartphone maker Xiaomi, lifting a short and contentious ban on Americans investing in the company that was introduced by the Trump administration.
The US Department of Defense and Xiaomi reached an agreement to set aside the ban on Tuesday, according to a US court filing. The "parties have agreed upon a path forward that would resolve this litigation without the need for contested briefing," the filing said. Xiaomi, the world's third largest smartphone maker, did not comment on the development, but sent CNN Business a copy of the court document.
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