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ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

nytimes.com

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Re: ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

#21

Post by nimish »

genericone wrote: post #20
dashundchen wrote: post #19

Meanwhile, a Chinese state investment puts $500 million dollars towards an Indonesian project heavily involving Trump properties, golf courses and branding. https://www.nationalreview.com/news/china-contributing-500-m... Peddling influence and using government for personal profit seems par for the course in this administration. https://www.salon.com/2018/05/16/trumps-bizarre-zte-tweets-p...

China knows how to play the game. They know that their investment won't stay under wraps... so I don't see how this would benefit Trump. Could the trump organization have rejected China's investment into the Indonesian state project if they wanted to stay clean? Or would that require dropping out of the entire project completely, and what would the contract violation terms have entailed if they were as major a part o…

In this case the "game" is outright corruption and quid pro quo.

This is not a game without consequence.

Re: ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

#23

Post by ntnn »

spoiledtechie wrote: post #18
prklmn wrote: post #7

“Too many jobs in China lost” - Xi’s waterboy and president of the USA

1.4 Billion in penalties. I don't see any other President of the USA doing that. Its a WIN for us.

... the US armed forces are spending roughly 2b every day (~590b in 2015, proposed ~680b in 2019). That penalty is a drop on a hot stone. That's not a "WIN".

Re: ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

#25

Post by yonkshi »

pobo wrote: post #22

The fine will be used to educated and nurture so many US labors. Look what our president negotiated for us. MAGA. From mid west.

That's assuming if China doesn't do something equally punishing to a US company. China can serious cripple US's race to 5G if they halted Qualcomm ops in China

Re: ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

#26

Post by Hasknewbie »

jorblumesea wrote: post #15

I love how we are slapping sanctions on our allies and letting our adversaries in the backdoor. All the while complaining about IP theft from China. Sad!

Exactly this. It's insane that the US is threatening EU companies for (currently, legally) doing business in Iran, while at the same time letting ZTE get away with, well, having done the same thing (except illegally, when the sanctions were still in place). And all of that to save "many jobs"... in China.

Re: ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

#27

Post by martythemaniak »

genericone wrote: post #20
dashundchen wrote: post #19

Meanwhile, a Chinese state investment puts $500 million dollars towards an Indonesian project heavily involving Trump properties, golf courses and branding. https://www.nationalreview.com/news/china-contributing-500-m... Peddling influence and using government for personal profit seems par for the course in this administration. https://www.salon.com/2018/05/16/trumps-bizarre-zte-tweets-p...

China knows how to play the game. They know that their investment won't stay under wraps... so I don't see how this would benefit Trump. Could the trump organization have rejected China's investment into the Indonesian state project if they wanted to stay clean? Or would that require dropping out of the entire project completely, and what would the contract violation terms have entailed if they were as major a part o…

> I don't see how this would benefit Trump

It puts money in his bank account. Of all the things to understand, this seems like it should be the easiest.

Re: ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

#28

Post by adventured »

devy wrote: post #5

You'd be naive to think if ZTE were to go under will be at America's best interest. U.S. semiconductor industry as a whole will be impacted as ZTE is one of the largest mobile handset and networking equipment manufacturer.

The only reason the US is concerned with saving ZTE from going under in this instance, is as a favor-trade with China (they sign off on Qualcomm-NXP, the US gets to conclude eating an important EU company). It acts as an overall goodwill exchange in the midst of the trade deal positioning.

Re: ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

#29

Post by adventured »

Hasknewbie wrote: post #26
jorblumesea wrote: post #15

I love how we are slapping sanctions on our allies and letting our adversaries in the backdoor. All the while complaining about IP theft from China. Sad!

Exactly this. It's insane that the US is threatening EU companies for (currently, legally) doing business in Iran, while at the same time letting ZTE get away with, well, having done the same thing (except illegally, when the sanctions were still in place). And all of that to save "many jobs"... in China.

ZTE didn't get away with anything. The US action against them nearly destroyed the company and they've been fined $2.2 billion.

As of right now, if all the US has done is threaten sanctions on EU companies, then it's ZTE that has received the dramatically worse outcome.

Re: ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

#30

Post by wyattk »

pobo wrote: post #22

The fine will be used to educated and nurture so many US labors. Look what our president negotiated for us. MAGA. From mid west.

I'm from the rural Midwest. It may seem pedantic, but _no one_ from the Midwest uses a space in the name. That and the spelling errors reinforce that this is just an inflammatory bait comment.
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