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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMake China Great Again?
I am very confused by this morning's tweet from the so-called President.
"President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!"
What is going on?
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Make China Great Again? (Original Post)
Beantighe
May 2018
OP
The Chinese technology company earlier this month suspended its main operations
oberliner
May 2018
#4
marylandblue
(12,344 posts)1. ZTE hired Michael Cohen?
demmiblue
(36,845 posts)2. Kyle Griffin:
Link to tweet
After pleading guilty to charges of violating sanctions and illegally shipping US goods to Iran, ZTE agreed to pay almost $900 million in fines in 2017, with up to $300 million in possible additional damages. However, it seems those penalties werent enough for Uncle Sam, because today the US Department of Commerce slapped the Chinese phone maker with a ban preventing American companies from selling components to ZTE for the next seven years.
While the original sanctions case was settled last March, the new ban follows multiple statements by major US Intelligence agencies earlier this year questioning the trustworthiness of Chinese networking giants Huawei and ZTE. Heads of the NSA, FBI, and CIA cited concerns that both companies may be using their technology to spy on US consumers, and then sharing that data with the Chinese government, though none of those agencies has provided evidence of that behavior actually taking place.
https://gizmodo.com/us-bans-zte-from-buying-parts-from-american-companies-f-1825295176
While the original sanctions case was settled last March, the new ban follows multiple statements by major US Intelligence agencies earlier this year questioning the trustworthiness of Chinese networking giants Huawei and ZTE. Heads of the NSA, FBI, and CIA cited concerns that both companies may be using their technology to spy on US consumers, and then sharing that data with the Chinese government, though none of those agencies has provided evidence of that behavior actually taking place.
https://gizmodo.com/us-bans-zte-from-buying-parts-from-american-companies-f-1825295176
Docreed2003
(16,858 posts)3. Wow
oberliner
(58,724 posts)4. The Chinese technology company earlier this month suspended its main operations
after the U.S. Commerce Department banned American supplies to its business.
The ban is the result of ZTEs failure to comply with an agreement with the U.S. government after it pleaded guilty last year to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran, the Commerce Department said.
As one of the worlds largest telecom equipment makers, ZTE relied on U.S. companies such as Qualcomm Inc and Intel Corp for components.
American companies are estimated to provide 25 percent to 30 percent of the components used in ZTEs equipment, which includes smartphones and gear to build telecommunications networks.
https://www.reuters.com/article/us-usa-china-zte/trump-working-with-chinese-president-to-help-chinas-zte-get-back-into-business-idUSKCN1IE0QI
The ban is the result of ZTEs failure to comply with an agreement with the U.S. government after it pleaded guilty last year to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran, the Commerce Department said.
As one of the worlds largest telecom equipment makers, ZTE relied on U.S. companies such as Qualcomm Inc and Intel Corp for components.
American companies are estimated to provide 25 percent to 30 percent of the components used in ZTEs equipment, which includes smartphones and gear to build telecommunications networks.
https://www.reuters.com/article/us-usa-china-zte/trump-working-with-chinese-president-to-help-chinas-zte-get-back-into-business-idUSKCN1IE0QI
Gothmog
(145,168 posts)5. Trump is an idiot
Ferrets are Cool
(21,106 posts)6. SO? My tax dollars are being spent to MCGA?? And here I was thinking
that it was just Russia. Fuck, I feel so naive.