Trump forced Chinese Phone Company ZTE to shutdown

As someone who dislikes trump i gotta say

Atta boy<StannisFrown>
 
I can't get over the line about Chinese jobs. "America first! No, Russia first! No, China first! Who wrote the most recent cheque?"
 
3D globalism!

@Palis might need to change in his soyboy phone to a daddy approved one ;)
 
to be fair... i can almost believe this was the plan all along to force trade negotiations..


ehh.. maybe trump did another 180 after listening to fox and friends..
 
ShinkanPo said:
I think Trump will break Mr.Xi Jin Ping very bad.

Trump did not get to be invited in the WWE to push Vince and get elected president just to let Mr.Ping make noise about China going big time and creating a military that will win wars.

If anything it seems Trump is the type that gets challenge in this situation.

Specially after reports Chinese Missile Installation in the South China Sea I am sure he is watching all these developments and getting challenged.
Click to expand...

bpfge2mo1fsz.gif

 
ShinkanPo said:
But so much for that overstated "China gonna out-tech the west" I have been hearing a lot these days.
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People were saying the same thing about Japan throughout the 80's and early 90's until they had their market corrections.

I suspect China is headed for a large bust of its own, based off of their clearly cooked GDP numbers.

At some point in the next 20 years, I suspect South Korea will be the new "Eastern economic power house" that westerners the world over will be unnecessarily concerned about.
 
Fanu said:
think again




feel stupid yet?
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Well he originally did a good thing, but as usual with Trump he then does a 180 deg turn. Trump's feelings on the Saudis is a good example of his 180 turn.
 
MicroBrew said:
Well he originally did a good thing, but as usual with Trump he then does a 180 deg turn. Trump's feelings on the Saudis is a good example of his 180 turn.
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And the rubes still support him, it is scary
 
AznTrojan said:
to be fair... i can almost believe this was the plan all along to force trade negotiations..


ehh.. maybe trump did another 180 after listening to fox and friends..
Click to expand...
Or he was acting tough and trying to get his base to believe he was keeping good on a campaign promise to get tough on China and practice America First. Then once the initial publicity dies down, he quietly does a 180. He talked a lot about getting tough with the Saudis and Islam during the 2016 campaign. But now he is very chummy with the Saudis and going after Iran, which is what the Saudis want. Though Trump's Iran stance is overwhelmingly a function of Israeli and AIPAC political power.
 
MicroBrew said:
Or he was acting tough and trying to get his base to believe he was keeping good on a campaign promise to get tough on China and practice America First. Then once the initial publicity dies down, he quietly does a 180. He talked a lot about getting tough with the Saudis and Islam during the 2016 campaign. But now he is very chummy with the Saudis and going after Iran, which is what the Saudis want. Though Trump's Iran stance is overwhelmingly a function of Israeli and AIPAC political power.
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Well he did not quietly did a 180 here he fucking anniunced it in Twitter.

Hmn but who knows he did not said that he will lift the sanctions just help ZTE back up. Maybe he offers to bail them off via loaning the Chinese money so that US will have control of the Chinese ZTE assets kinda giving the Chinese a taste of their own medicine.
 
U.S. Lifts Ban That Kept ZTE From Doing Business With American Suppliers, After $1 Billion Penalty
By Claire Ballentine | July 13, 2018

merlin_139261368_9c1488a5-5d89-44da-8d0c-182bb1f2851f-superJumbo.jpg

ZTE’s offices in Beijing. The Commerce Department said Friday that the company had met the terms of a settlement and was no longer prohibited from buying components from American suppliers.​


The Trump administration on Friday lifted a ban on the Chinese telecommunications firm ZTE that had pushed the company to the brink of financial collapse by preventing it from acquiring parts and software from American companies.

The ban, imposed in April to punish ZTE for failing to live up to an earlier agreement related to violating United States sanctions against Iran and North Korea, was removed after the company met the conditions of a settlement, the Commerce Department said in a news release.

Under the deal, ZTE was required to pay a $1 billion penalty, put $400 million in escrow with an American bank, overhaul its leadership and allow a team of compliance monitors to be installed inside the company for 10 years.

Wilbur Ross, the commerce secretary, said in a statement that ZTE, China’s second-largest telecommunications firm after Huawei, would remain under closer scrutiny even after being dropped from the department’s “denied persons list.”

“While we lifted the ban on ZTE, the department will remain vigilant as we closely monitor ZTE’s actions to ensure compliance with all U.S. laws and regulations,” Mr. Ross said.

ZTE did not immediately respond to requests for comment. Its shares rose nearly 24 percent in trading in Hong Kong on Thursday after the Commerce Department said it was on the verge of lifting the ban.

The United States originally found ZTE in violation of sanctions on Iran and North Korea in 2016, and imposed a $892 million penalty on the company last year.

In April, amid rising trade tensions between the United States and China, the Commerce Department barred ZTE’s American suppliers from doing business with the company for failing to rectify the sanctions issue. Because ZTE relies heavily on American components to produce its smartphones and telecommunications equipment, the move threatened to drive the company out of business.

In May, President Trump wrote on Twitter that he and President Xi Jinping of China were working together on a lifeline for ZTE. Mr. Trump also said he had directed the Commerce Department to “get it done.” A deal was announced on June 7.

The administration deal to save ZTE has been criticized by lawmakers from both parties, who argue that it puts national security at risk. The Senate last month approved, as part of a larger defense bill, a measure that would reinstate tough penalties on the company. It is unclear, however, whether the measure will take effect.

https://www.nytimes.com/2018/07/13/business/zte-ban-trump.html
 
Arkain2K said:
U.S. Lifts Ban That Kept ZTE From Doing Business With American Suppliers, After $1 Billion Penalty
By Claire Ballentine | July 13, 2018

merlin_139261368_9c1488a5-5d89-44da-8d0c-182bb1f2851f-superJumbo.jpg

ZTE’s offices in Beijing. The Commerce Department said Friday that the company had met the terms of a settlement and was no longer prohibited from buying components from American suppliers.​


The Trump administration on Friday lifted a ban on the Chinese telecommunications firm ZTE that had pushed the company to the brink of financial collapse by preventing it from acquiring parts and software from American companies.

The ban, imposed in April to punish ZTE for failing to live up to an earlier agreement related to violating United States sanctions against Iran and North Korea, was removed after the company met the conditions of a settlement, the Commerce Department said in a news release.

Under the deal, ZTE was required to pay a $1 billion penalty, put $400 million in escrow with an American bank, overhaul its leadership and allow a team of compliance monitors to be installed inside the company for 10 years.

Wilbur Ross, the commerce secretary, said in a statement that ZTE, China’s second-largest telecommunications firm after Huawei, would remain under closer scrutiny even after being dropped from the department’s “denied persons list.”

“While we lifted the ban on ZTE, the department will remain vigilant as we closely monitor ZTE’s actions to ensure compliance with all U.S. laws and regulations,” Mr. Ross said.

ZTE did not immediately respond to requests for comment. Its shares rose nearly 24 percent in trading in Hong Kong on Thursday after the Commerce Department said it was on the verge of lifting the ban.

The United States originally found ZTE in violation of sanctions on Iran and North Korea in 2016, and imposed a $892 million penalty on the company last year.

In April, amid rising trade tensions between the United States and China, the Commerce Department barred ZTE’s American suppliers from doing business with the company for failing to rectify the sanctions issue. Because ZTE relies heavily on American components to produce its smartphones and telecommunications equipment, the move threatened to drive the company out of business.

In May, President Trump wrote on Twitter that he and President Xi Jinping of China were working together on a lifeline for ZTE. Mr. Trump also said he had directed the Commerce Department to “get it done.” A deal was announced on June 7.

The administration deal to save ZTE has been criticized by lawmakers from both parties, who argue that it puts national security at risk. The Senate last month approved, as part of a larger defense bill, a measure that would reinstate tough penalties on the company. It is unclear, however, whether the measure will take effect.

https://www.nytimes.com/2018/07/13/business/zte-ban-trump.html
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what a pussy as bitch
 
Arkain2K said:
Ah, ZTE. Play stupid game, win bankruptcy.

May be they can reduce their operation and compete in the low-end market in Asia with Chinese CPU/wireless chipset/glass screen.
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That's exactly what they're going to do. I see the ban is lifted, but I fear it's too late. I'm sure their government furthered their strategy to ween themselves off American tech considerably.

I expect a re-launch with subsidy from the Chinese government around the Chinese operating system competitor to Android; the one they began to develop after they learned from Snowden/Wikileaks that US intelligence was planting backdoors into privately sold American tech including iPhones:
https://en.wikipedia.org/wiki/COS_(operating_system)
Huawei Accuses NSA of "Illegal Practices" After Spying Revelation
Apple already agreed to the tough Chinese rules that Obama is furious about
They used that leak to gain the political leverage to get more insight into how our devices are built (although with AMD's intellectual property for x86 processors in their hands they don't need anything else, now, and are full-bore into reverse engineering that grail). Mediatek (Taiwan) and HiSilicon (China) are already hugely successful semiconductor corporation that manufactures processors available in many western devices: most notably the Amazon Fire devices in the case of Mediatek. Allwinner and Spreadtrum are two other Chinese upstarts in the ARM semiconductor game.

Depriving them of Qualcomm and Android hurts, but it just shifts them away from a model where they were trying to compete at the flagship end. That was what created brand recognition for them in China, but it was never where they made their money. They are volume revenue generators like everyone else not named Apple in the smartphone/tablet game.

Qualcomm lost the revenue generated from sales to ZTE. They are in high demand, though, so they probably were able to move excess inventory to other companies. China will simply fill the gap. This was one of the only Chinese smartphone companies that really benefited American sales. I guess that's where they screwed up; in thinking they could sell to western markets. Meanwhile, Huawei reigns supreme, and Xiaomi is known as the "Apple of China". We went after T-mobile in fear of Verizon and AT&T.

This is a shakedown of a Chinese company eerily reminiscent of the shakedown of Google by the EU.
 
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