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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.
Trump suddenly became concerned about all of these Chinese employees right after China made a big investment in one of his hotels.
"Meanwhile, the South China Morning Post reported last week that the Chinese government will provide $500 million in state loans to build MNC Lido City, a resort and theme park project in Indonesia that will include a golf course and hotels marked with the Trump name.
We have a new level of corruption.
I don't read your sig. Why are you reading mine?
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.