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

Post by djrogers » Thu, Jun 07, 2018, 9:36 PM UTC

ejstronge wrote: post #38

happyopossum wrote: post #35

So the outcome here is: - All key leadership and board memebers are to be fired and replaced within 30 days - US picked compliance team embedded in ZTE that the commerce department is reimbursed for by ZTE - $1B fine and $400M in escrow - Qualcomm / NXP deal seems likely to be approved, helping US jobs In the past we've seen other countries deal with Iran while under sanctions, and we've gotten nothing out of them ot…

> In the past we've seen other countries deal with Iran while under sanctions, and we've gotten nothing out of them other than speeches at the U.N. > I kinda think I like this better. I think this is immensely unfair - you cite one deal that got a lot of press due to a series of unexpected about-faces in the US position. There’s no reason to believe that agreements of this nature are made but not publicized. Also, I'…

Post by mikeash » Thu, Jun 07, 2018, 9:59 PM UTC

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…

Post by charlesdm » Thu, Jun 07, 2018, 10:07 PM UTC

happyopossum wrote: post #35

So the outcome here is: - All key leadership and board memebers are to be fired and replaced within 30 days - US picked compliance team embedded in ZTE that the commerce department is reimbursed for by ZTE - $1B fine and $400M in escrow - Qualcomm / NXP deal seems likely to be approved, helping US jobs In the past we've seen other countries deal with Iran while under sanctions, and we've gotten nothing out of them ot…

Post by genericone » Thu, Jun 07, 2018, 11:18 PM UTC

mikeash wrote: post #43

genericone wrote: post #20

Earlier quoted context omitted.

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…

All of your questions demonstrate why the President should never be in that situation in the first place. That Trump wasn’t instantaneously impeached for enormous ongoing conflicts of interest is a stain on Congressional leadership.

Post by genericone » Thu, Jun 07, 2018, 11:41 PM UTC

mikeash wrote: post #48

genericone wrote: post #47

Earlier quoted context omitted.

Very true, could you imagine the political implications if the Trump organization DID reject the Chinese investment into an Indonesian state project? If acceptance of money is, ipso facto, a sign of political corruption, then would blocking the exchange of money between 2 sovereign nations be considered meddling in foreign economies? What intentions could be read from an act of rejection? How much of the invested mon…

I don’t understand what you’re saying about what Clinton Foundation. It wasn’t formed until after Bill left office and as far as I know Obama wasn’t involved. The worst Obama did was have a book people could buy.