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President Trump Pledges To Help China's ZTE, After Ban (usatoday.com)
President Trump said Sunday that he and Chinese President Xi Jinping are working to put the troubled Chinese telecom manufacturer ZTE back in business. From a report: "President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast," Trump said in a message on Twitter. "Too many jobs in China lost. Commerce Department has been instructed to get it done!" ZTE, maker of Android phones popular with budget-minded consumers, said Wednesday that it would cease "major operating activities," raising questions not only about its survival, but the impact on U.S. consumers who have previously bought or were thinking of buying ZTE phones. The announcement followed a decision last month by the U.S. Commerce Department, which banned American companies from exporting products to the Shenzhen, China-based telecom firm for seven years.
Really, how does this help America? It only makes me suspicious that Trump or some of his buddies want to swoop in and get the stock for pennies on the dollar.
Literally, What The Fuck?!!! He's a fucking buffoon with no coherent plan for anything.
...JOBS, JOBS, JOBS! He just didn't mention that they would be Chinese jobs.
...specifically, the routing numbers for Michael Cohen's checking account~
But seriously, did any money have to change hands, or is this just Trump showing his admiration for Xi's continuing march towards tyranny?
~ C.
It is not about US market, it is about now being illegal for US companies to license software (like Google Play) and hardware (like CPU chips) to ZTE.
ZTE repeatedly violated the US sanctions against Iran, and lied to the government while in remediation. Now that the US has broken it's international agreement w/Iran & is threatening sanctions against our global partners who were also part of the agreement, the only logical 5d chess move is to get ZTE back in the business of selling security-compromised devices to Americans. Using the Dept of Commerce, paid for by American tax dollars.
I would be shocked if this was a backroom quid pro quo deal with China to expand the Trump brand business interests. Shocked I say.
tl;dr Jobs Jobs Jobs!
the rampant corruption, the back pedaling on all his campaign promises (backed down on Carrier, supports Guest Worker programs & TPP, just gave Big Pharma a big present, filled his cabinet with Goldman Sach's folks that embody the swamp... I could go on) or the fact that no matter what his poll #s don't budge from 38-40%.
The first year of this crap I could chalk up to the news cycle catching up with folks who don't watch politics. But at this point folks are sticking with him out of either stubbornness or a desire to see those "coastal elites" mad. That's some mighty fine face spiting right there, Lou.
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Let me be clear - I do not agree with Trump’s short-sighted and backwards-thinking trade war. But isn’t the whole point of a trade war to put the hurt on the companies and consumers based in the other country, which increases the pressure on the other government to make concessions?
Trump is basically giving away his leverage - so instead of both countries being hurt by the trade war, now it’s Americans who’ll take the brunt of the pain. Good job, “master” deal maker.
#DeleteChrome
Hint: Look for "sharp" investors who suddenly bought up a bunch of ZTE shares. In this case, we're back to the question of whether or not Trump got his own beak wet.
ZTE stock has not traded since April 17th, when the ban was announced.
Also, you should grow up and stop making up stories.
I still think Trump's primary focus (and desperate hope) is to get Xi to lean on Kim. I read Trump as desperate to get something out of the June 12th meeting, but the most likely scenario is that Kim is teeing Trump up for a YUGE punt. Actually, Trump already defined a game of reverse chicken, by claiming he will "win" by walking out if he can't get what he wants. Under the terms of Trump's own game, I'm expecting Kim to walk out first and claim the win. China's next response to Trump will go along the lines of "Tut, tut, tut, Little Donald. Let's not do anything rash."
That's predicated on the theory that China basically likes things as they are now. I think China sees a strong and unified Korea as a probable nuisance and possible threat. Unless China sees some substantial advantage in an actual peace treaty, they might as well leave things as they are. Meanwhile Bolton keeps braying about the "Libya model" and Kim knows exactly how that one worked out. No sane dictator would give up his nukes to follow Qaddafi's lead.
My reasoning certainly could be flawed. I actually expected China to make a move before this. I figured the Chinese would offer Trump a deal of North Korea for Taiwan. I still think China is confident that they can integrate Taiwan with little problem and enormous profit, while South Korea would be kept busy for decades trying to heal and integrate North Korea. The lack of official peace in Korea has been mostly harmless, but the establishment of an independent Taiwan would really piss them off.
However the troll did raise an interesting point regarding the insider trading, though I certainly can't take it on his say so. So how else could smart insiders profit from their phone calls with Trump if they don't want to be so obvious as playing with ZTE? Future contracts? Gambles on related companies, both suppliers and customers?
Freedom = (Meaningful - Coerced) Choice != (Speech | Beer^2), and sad sock puppets' bad mods avail them naught.