Making China Great Again!

TarponatorTarponator Under a BridgePosts: 11,710 AG

https://www.engadget.com/2018/05/25/trump-administration-deal-to-resurrect-zte/

The US government should soon act on its promise to give ZTE another chance following its revived export ban. The New York Times has learnedthat the Trump administration has informed Congress of a Commerce Department deal that would let ZTE take American exports as long as it accepted new penalties. It would have to pay a "substantial" fine, shake up its management team and hire American compliance officers to keep it on the straight and narrow.

The deal could be as public as soon as May 25th (today if you're reading in time), but it's otherwise expected "soon."

If a deal like this goes forward, it could trigger a furor in Congress. The House of Representatives recently passed a bill that would prevent the US from making a deal with ZTE, while a bipartisan group of senators (including Chuck Schumer and Marco Rubio) have insisted that the administration maintain the ban as a matter of law enforcement and security. ZTE faced the renewed ban after it allegedly reneged on promises to punish workers for illegally shipping telecom hardware to Iran and North Korea, so another deal could be seen as going soft on the company.

Whatever happens, ZTE doesn't have many bargaining chips. It suspended operations after the first ban, since its heavy dependence on American components (such as Qualcomm Snapdragon processors for phones) left it with a grim future where it either couldn't offer certain products at all or would be at a competitive disadvantage. However much it dislikes a given ideal, it might have to say yes for the sake of survival.



Replies

  • SaltygatorvetSaltygatorvet TallahasseePosts: 3,265 Captain
    Wow, what a surprise, another political thread. Great, thanks
    You should have been here yesterday
  • ferris1248ferris1248 Posts: 3,229 Moderator
    Wow, what a surprise, another political thread. Great, thanks

    Not really, as long it is discussed on it's merits and not on a left or right basis. It should be a discussion of whether it is good or bad for America or good or bad for China. 

    ." why would someone want to be a moderator in the first place?"

    "There is no compensation for that task other than the satisfaction one might get from being an ***."

    mindyabizness

    "That which is hateful to you, do not do to your fellow. That is the whole of the law. The rest is commentary."

    Rabbi Hillel (c20 BCE)

  • mplspugmplspug Palmetto FloridaPosts: 7,820 Admiral
    Except the title sort of implies a left or right basis.

    Captain Todd Approves

  • SloughSlough S.w. Ga./ St. JamesPosts: 4,770 Captain
    mplspug said:
    Except the title sort of implies a left or right basis.
    And I bet you didn't even need your glasses to siphor that
    I didn't say it was your fault, I said I was blaming you
  • TarponatorTarponator Under a BridgePosts: 11,710 AG
    And here I thought political correctness was the end of civilization!

    You guys should be thanking me.  :)

    Have a nice Memorial Day guys.  I'll catch you next week.
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