This is another slap in the face to U.S. law enforcement, our judicial system & our security interests. ZTE violated U.S. laws, yet The Conman has chosen to assist this particular Chinese corporation to ensure their success. How does this advance the interests of the U.S. & its citizens? It does not. It does, however, advance the financial interests of The Conman & his family of grifters. He must be removed from office.
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ZTE is only one of a half dozen telecom equipment companies in China. If ZTE had disappeared, it would not change much. It is not remotely the largest.
ZTE chairman Yin Yimin wrote to employees about learning the expensive lesson that almost killed the company. One billion plus dollars handed over to USA. Opening their operations to American probing. What shame!
ZTE will never do business in USA again, and probably not in countries that rely on trading with USA. For Chinese technology companies, the most important lesson is the existential threat of relying on American parts. They must develop homegrown technology and be self-sufficient asap.
In an earlier report on ZTE: "... Mr. Trump’s advisers have portrayed the tariffs as leverage to force China to open its markets and make other concessions, such as dropping demands that American companies hand over valuable intellectual property in order to operate in China...."
This passage rings familiar from USA-China trade history: "... The Open Door Policy is a term in foreign affairs initially used to refer to the United States policy established in the late 19th century and the early 20th century that would allow for a system of trade in China open to all countries equally. It was used mainly to mediate the competing interests of different colonial powers in China...."
The agenda of Trump, Navarro, Lighthizer & Ross is to make "America Great Again" as it was in early 20th century. Xi's goal is also to make China Great Again. Chinese remember the shame of colonial powers dictating trading terms on China. Make no mistake, China will not forget the ZTE lesson.
2
Donald continues to fill his coffers, and our illustrious Congress sits on their useless rear ends and does nothing about this thieving President.
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I am getting very tired and angry at Congress' failure to do their jobs. Very angry.
1
the importance of 5G is under estimated. it will
replace everything except maybe the fiber optic
between cities. 5G is life or death for companies
in that area.
trump's new motto. MCGA. Make China Great Again.
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"It will also need to confront deeper questions about its way of doing business, which has left a trail of accusations of bribery, overbilling and rule-breaking."
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In other words, it's exactly like every other Beijing-controlled company, of which there are thousands, perverting the world's economy, truth be told, by globalizing this kind of corruption.
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When will the US wake up and really do something about this threat?
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Make China Great Again. America, not so much. It's all about the Money, over AND under the Table. SAD.
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This is a plain as day violation of the emoulants clause by Donald and Ivanka. Backing a company that is banned from selling phones to our military is very suspicious.
4
Just imagine what Fox would say if Obama had done this.
10
ZTE is far from being "a little known manufacturer" in America. ZTE is the fourth largest seller of smartphones in America behind only Apple, Samsung, and LG.
Premium smartphones get strong marketing efforts and all the attention from media, but there is a huge market for more modest smartphones. ZTE absolutely dominates the bottom of the Android phone pricing market.
The majority of Android operating system ZTE smartphone sales are at the very low end of the market, from $50 to a little under $300. The typical ZTE buyer are senior citizens and other low income customers.
3
ZTE, or for that matter Huawei as well, does not sell phones to make profit for its owners. ZTE sells phones to spread its 'brand' name so that its existence in a given market becomes legitimate in the eyes of consumers, eventually leading to economy wide recognition of legitimacy (Huawei is doing that far more aggressively, not in the US but in Europe, Japan, South America). That sort of fake legitimacy is the basis for spreading strategically far more important items such as telecom infrastructures. It is naïve to think that these companies are pursuing goals that are similar to those of western companies.
7
American products containing zte components should be clearly marked
Would you knowingly buy anything from this company?
11
" .. Would you knowingly buy anything from this company?"
Only if I was "high" and stinking drunk. Look what AMZN found out about these kinds of phones --
https://www.zdnet.com/article/amazon-halts-blu-phone-sales-over-potentia...
China's inter-networking involves direct connections with the People's Liberation Army local police units.
IMHO, until ZTE gear is *independently* adjudged to USA privacy standards -- zero purchases. None. Nada. Zip.
5
No, I would not. But I will vote in November.
1
Oppose espionage and aiding and abetting our enemies.
And anyone who would personally benefit from doing business with ZTE, including Trump.
Our Constitution provides only for a President.
Protect the US our democracy first. Not our purported, self-annointed "king".
5
"As part of the deal on Thursday, the company will replace its board and senior leadership. Compliance officers will be installed within the company and will report to Washington. "
So .... this Trump Administration will regulate Chinese companies, but US companies ... not so much? Is that the broad conclusion?
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