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US Lifts ZTE Export Ban (engadget.com)

Posted by BeauHD on from the chance-at-redemption dept.

The U.S. Commerce Department has lifted the export ban on Chinese telecommunications giant ZTE now that it has met all the terms required to get a full reprieve. "Officials confirmed that ZTE had put $400 million in escrow on top of other requirements, including the payment of a $1 billion fine, replacing key leadership and accepting outside monitors that will ensure it honors U.S. export controls," reports Engadget. From the report: Strictly speaking, this more of a probation -- as with the last time, the Commerce Department is suspending its ban rather than removing it entirely. The monitors will keep watch over ZTE during the entire 10-year period of the suspension, so it won't have much choice but to fly straight if it wants to avoid another ban. The earlier ban would have "only" lasted seven years. The Senate recently passed a bill that would reinstate U.S. sanctions on the company, but the White House has vowed to squash it before it becomes law.

17 of 35 comments (clear)

  1. MACA?!! by Desler · · Score: 1

    How does this make America great, again?

    1. Re:MACA?!! by kiviQr · · Score: 1

      who said it was about making America great for everyone?

    2. Re:MACA?!! by drinkypoo · · Score: 1

      It helps China's economy not collapse. Their growth is slowing significantly now, which means unrest ahead. This delays the inevitable slightly.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    3. Re:MACA?!! by 93+Escort+Wagon · · Score: 4, Informative

      Well, the Chinese gave a half billion to Trump World a very short while before Trump went to bat for ZTE - so this certainly helps the only American who matters.

      --
      #DeleteChrome
    4. Re:MACA?!! by Anonymous Coward · · Score: 1

      MAGA never meant Make America Great Again, that was just the joke.

      What is actually means is Make America GILDED Again. Trump and the Republicans are attempting to take America back to the gilded age, where they thought it was greatest.

    5. Re:MACA?!! by Desler · · Score: 1

      China's economy was gonna collapse because of ZTE? You're joking, rught?

    6. Re:MACA?!! by meglon · · Score: 2

      MCGA

      --
      Fascism: An authoritarian and nationalistic right-wing system of government and social organization. See also: NAZI's
  2. Re:So Trump was right? by Desler · · Score: 1

    Maybe in the bizarro world.

  3. That's fine by Kargan · · Score: 1

    I will never purchase or use one of their products. Ever.

    --
    Palaces, barricades, threats, meet promises
  4. Re:So Trump was right? by Anonymous Coward · · Score: 1

    So it seems all the complaining about Trump was pure hypocrisy.

    1. ZTE breaks rules.

    2. ZTE is punished with a list of things to do (basically the current list).

    3. ZTE ignores the punishment (especially the part about not firing/punishing executive heads).

    4. ZTE gets banned.

    5. ZTE pinky promises to actually follow the punishment this time.

    6. ZTE gets unbanned.

    If this were under the GWB Whitehouse, ZTE would already have had evidence planted of trying to acquire yellowcake uranium and we'd be invading ZTE.

  5. Good by jargonburn · · Score: 1, Informative
    While I am concerned about ZTE having blatantly disregarded U.S. rules about using U.S. stuff, this seems like a somewhat reasonable resolution.

    That said, I also like my Axon 7 and would hate to see them stop making phones entirely.

    1. Re:Good by William+Baric · · Score: 1

      Why should a foreign company be subjected to US imperialistic laws?

  6. Re:Russian Influence by TheMiddleRoad · · Score: 1

    I know, right?

  7. We have to... by GerryGilmore · · Score: 1

    ...MCGA! Hey, his supporters will find SOME justification for it.

  8. Imperialistic USA by William+Baric · · Score: 1

    This should be a lesson for every company in the world : never depend on American technology. The first thing the new leadership of ZTE should do is now replace as fast as possible Qualcomm chips and Android in their devices.

  9. Squash schmosh by Hognoxious · · Score: 1

    I thought the correct term was to quash a law?

    Squash is what you do to bugs & tomatoes.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  10. Re:So Trump was right? by tlhIngan · · Score: 1

    So it seems all the complaining about Trump was pure hypocrisy.

    1. ZTE breaks rules.

    2. ZTE is punished with a list of things to do (basically the current list).

    3. ZTE ignores the punishment (especially the part about not firing/punishing executive heads).

    4. ZTE gets banned.

    5. ZTE pinky promises to actually follow the punishment this time.

    6. ZTE gets unbanned.

    If this were under the GWB Whitehouse, ZTE would already have had evidence planted of trying to acquire yellowcake uranium and we'd be invading ZTE.

    You missed :

    4.5) China contributes half a billion dollars to Trump World and allows Ivanka Trump to get a trademark

    Yes, that happened... if you want to get on Trump's good side, you just need to make sure he's well taken care of.

    And it's very hard for a foreigner to get a trademark in China, so Ivanka being granted one is a Very Big Deal(tm).