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US Reaches Deal To Keep Chinese Telecom ZTE in Business (reuters.com)
The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday. From a report: The deal, communicated to officials on Capitol Hill by the Commerce Department, requires ZTE to pay a substantial fine, place U.S. compliance officers at the company and change its management team, the aide said. The Commerce Department would then lift an order preventing ZTE from buying U.S. products.
ZTE was banned in April from buying U.S. technology components for seven years for breaking an agreement reached after it violated U.S. sanctions against Iran and North Korea. The Commerce Department decision would allow it to resume business with U.S. companies, including chipmaker Qualcomm Inc.
ZTE was banned in April from buying U.S. technology components for seven years for breaking an agreement reached after it violated U.S. sanctions against Iran and North Korea. The Commerce Department decision would allow it to resume business with U.S. companies, including chipmaker Qualcomm Inc.
Make America Great Again. That President Trump sure goes out of his way for the forgotten people of America.
Membership at Marolago, check, stayed at Trump post office property in DC, check, made contribution to 2020 election, check. OK, now you can do biz in the US of Trump.
nt
and Carrier Air conditioning would very much like a word with Mr President. Maybe if they could block him from building his next hotel...
Seriously, the amount of open corruption and violations of the emoluments clause on display here is insane. And at the rate this guy is going he's on track to get reelected when the Dems run Hilary Bot 2.0 in 2020...
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
ZTE was getting a lot of its components from American suppliers and the ban could have hurt those suppliers financially. Some may even have reduced their work forces if demand dropped. This probably also plays into Trump's plans to get China to buy more American products to reduce the trade deficit.
There's also the remote chance that Trump has money invested in those American suppliers. We'll probably never know.
Trump's announcement that he would be saving Chinese jobs came just days after China funded a Trump project in China, with half a billion dollars of that sweet, sweet cash.
Jobs & Products:
Cheaper Jobs.
Expensive Products.
For profit!!!
This has absolutely nothing to do with the $500,000,000.00 that a Chinese government bank just poured into a failing Trump property in Indonesia.
http://www.businessinsider.com...
No quid pro quo. You're the quid pro quo.
You are welcome on my lawn.
Trump will die in Federal Prison. His sons may also.
Seems pretty normal to me. Company breaks law, pays fine, does some other reparations, and everyone goes back to work.
When bayer gassed the jews during the holocaust we didn't destroy the company.
When Hugo Boss made clothes for the Nazi's we didn't destroy the company.
Why would we destroy ZTE over some small infraction rather than have them pay a fine?
Remember: ZTE got into this mess by selling equipment to Iran and North Korea.
Sounds to me like the Russians exported the pee tape to China.
- Donard Trump
Actually he's using it as leverage for the North Korean deal.
Loans have to be paid back.
Big Giant Orange Head was always, always, going to put America First. Remember that? Also Jy-na was "incredibly unfair," and taking advantage of America by using trade deals that Jy-na had somehow gotten past everyone. Like the President, the Vice-President, Congress, the Senate, Department of Commerce, all the economists, every Chamber of Commerce, the entire Republican Party, and so on.
Donald "3000 Lies" Trump strikes again.
Make China Great Again!
Spy Handler stated, in part:
China has been the #2 source of illegal immigrants to the US for a long long time, at least two decades. .... but it used to be very common to see headlines like,
"Cargo container seized at port of Long Beach found with fifty Chinese migrants living inside while being unloaded from cargo ship."
(Quote above edited to remove gratuitous xenophobia.)
The "#2" claim is bullshit - but the People's Republic is, in fact, a non-trivial source of unauthorized immigrants to the USA. According to the New York Times, there are currently 268,000 of them here.
That number is dwarfed by the number of unauthorized immigrants from Mexico and Central and South America, but it's still more than the population of Newark, NJ (at least, as of the 2010 census). And China refuses to accept deportees, so we're basically stuck with them, even if the current administration manages to locate them all - which it won't, because it's focused exclusively on Hispanics.
It's also worth noting that Chinese immigrants, both authorized and unauthorized, tend to be younger, and have skills that are better-suited to the American job market, than the average Hispanic immigrant. They also tend not to arrive in shipping containers. Most of them arrive legally, on tourist visas - which they blithely overstay, because there's nowhere near the level of effort expended on tracking them down as there is on tracking down Hispanics.
In my experience (and I know several such Chinese), they tend to be highly entrepreneurial. The ones I know are engaged in smuggling consumer goods - not from China to the USA, but from the USA to China. (Levis 501's are hugely popular - and extremely costly - in China, for instance.) In a twisted way, you could say they're actually contributing to this country's economy, and doing a tiny bit to redress our trade imbalance with China.
In another way, you could say they're probably laundering money for the Chinese mob - and I'd bet a shiny, new, Ohio quarter you'd be right ...
Check out my novel.
So, which is it? Is Trump a racist xenophobe who will do anything to stop foreign trade? Or is he a feckless cosmopolitan?
I was in China recently and 501s were on sale in big chain shops at normal prices.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
They have done a great job of destroying American jobs, but now, they are making certain that China will retain these jobs so that they can continue to send out American tech to other nations.
I prefer the "u" in honour as it seems to be missing these days.
AmiMoJo noted:
I was in China recently and 501s were on sale in big chain shops at normal prices.
That's interesting. My next-door neighbor - who's married to a Chinese national - visits there fairly regularly. He's the one who informed me otherwise.
Are you sure the ones you saw were genuine Levis? After all, the counterfeiting of U.S. brands by Chinese companies is a perennial issue in trade negotiations, n'est ce pas ... ?
Check out my novel.
Maybe it depends where you go. In Guangzhou they were available, but not in Fuzhou.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
Are you sure the ones you saw were genuine Levis?
Don't doubt it. Companies are generally happy to forgo some ridiculous markups in exchange for access to a wider market. It is the very definition of pricing what the market will bear.
I also remember the outrage in Australia a few years ago where a backpack company founded and based in Australia, manufactured in China sold backpacks in the USA for less than half the cost and with significantly higher expenses (import duties and longer shipping route). The answer to the outrage was simple: "I charge what I need to in order to maximise my profit. Australians were willing to pay this price."
It is the same in China. Interestingly in China it's not based on the general country level market but is highly localised. I went to a nice supermarket in a nice part of town and they were charging the equivalent of $90USD for Nautica polo shirts. I've never paid more than $40 for a genuine Nautica polo in my life. I sure as hell didn't expect to see this price on the Chinese mainland (Hong Kong or Macau I would have expected it). On the other side of town you could get the identical shirt, same fabric, same cut, same modern season colour for $20.
I have nothing but respect for the Chinese on our soil. They play along with the stupid shit, and toe the line even when other people would have rioted. They also have suffered a lot of atrocities (the fate of all the "coolies" after the railroad was built was either deportation or execution.)
What I fear is the Chinese government. They know damn well how to do propaganda, psy-ops, nudge theory, compromise, and other intel work. Want a company in China? The natives own 51%, and the government has an active role. Imagine if the NSA or CIA had a board member in every US company.
Just go to a Starbucks in China. The biggest cost will be rent and wages, both far less than in America, but the prices if you converted into $US is much higher. Why? Because the Chinese will pay for it.
May. 24, Juche 107 (2018) Thursday
Interference and Sanctions on Other Countries Cannot Be Pardoned
U.S. Vice-President Pence at a recent session of the Organization of American States urged the regional countries and organizations to condemn the presidential election in Venezuela in chorus as there is great possibility that the election was "rigged" and to sever the relations with the country.
Timed to coincide with this, the U.S. Department of Treasury announced its decision to include former and incumbent high-ranking officials and 20 companies of the country on the list of sanctions and freeze their assets under the pretext that they were involved in the drug trafficking and money laundering.
It clearly betrayed once again the U.S. nature of aggression and sinister bad habit to interfere in the internal affairs of other countries and use the sanctions as a means of regime changes for the purpose of achieving its black-hearted aim.
What matters is that the U.S. sanctions aimed at the regime change is not confined to Venezuela only.
Those countries which the U.S. singles out for slapping sanctions are independent ones against imperialism like Cuba and Venezuela or those countries disobedient to it.
The U.S. demands such countries accept something unacceptable and if they turn down this, it invents non-existing matters and builds public opinion and hurts their social systems and imposes sanctions on them.
Such matters are absurd, and nothing but a pretext to topple the governments of those countries.
The U.S. base interference and unethical sanctions aimed at overthrow of system and regime change in sovereign states are certain to be blasted by the international community.
Ri Hak Nam