Trump says working with Xi to save telecom giant ZTE

[powastick]

That would greatly enhance Korea's trade with China and cover up the losses currently being made due to declining sales of Korean auto in the China's market.

Win-win.

Anything done do undermine US regime is by default a good thing.

I hope that ZTE don't fall into US trap again.

 

[terranMarine]

My crystal ball says Kim will break his promise and it happened. Man I'm good!

You were saying?

 

[ZeEa5KPul]

My crystal ball says Kim will break his promise and it happened. Man I'm good!

It's malfunctioning, you should send it back for repairs hopefully the warranty hasn't expired yet

Don't need to it works fine.

*Trump cancels summit*

You were saying?

 

[rott]

Trump Orders Help For Chinese Phone-Maker After China Approves Money For Trump Project
Trump will profit from Indonesian resort project that will get $500 million in Chinese loans in a deal sealed days before before his tweet ordering help for ZTE.
By S.V. Date

WASHINGTON – A mere 72 hours after the Chinese government agreed to put a half-billion dollars into an Indonesian project that will personally enrich Donald Trump, the president ordered a bailout for a Chinese-government-owned cellphone maker.

“President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast,” Trump announced on Twitter Sunday morning. “Too many jobs in China lost. Commerce Department has been instructed to get it done!”

Trump did not mention in that tweet or its follow-ups that on Thursday, the developer of a theme park resort outside of Jakarta had signed a deal to receive as much as $500 million in Chinese government loans, as well as another $500 million from Chinese banks. Trump’s family business, the Trump Organization, has a deal to license the Trump name to the resort, which includes a golf course and hotels.

Trump, despite his promises to do so during the campaign, has not divested himself of his businesses, and continues to profit from them.

“You do a good deal for him, he does a good deal for you. Quid pro quo,” said Richard Painter, the White House ethics lawyer for former President George W. Bush and now a Democratic candidate for Senate in Minnesota.

“This appears to be yet another violation of the emoluments clause of the Constitution,” Painter said, referring to the prohibition against the president receiving payments from foreign governments.

The White House did not respond to HuffPost queries asking if there was a connection between the “MNC Lido City” project and Trump’s directive regarding ZTE.

At Monday’s daily briefing, Deputy Press Secretary Raj Shah referred questions about the Indonesian project to the Trump Organization. “That’s not something that I can speak to,” he said.

The Trump Organization on Monday acknowledged its involvement in the resort, but did not respond to questions about how much the company would make from its licensing or management fees.

ZTE phones have already been described as a security risk by the U.S. military and intelligence community. Two weeks ago, the military banned their use on bases for fear they could be used to track the locations of service members.

The company, which is owned 33 percent by Chinese-government-owned enterprises, had been fined $1.2 billion last year after it was found to be violating U.S. sanctions against Iran and North Korea. After it was determined that ZTE officials had lied about their actions, the U.S. government last month banned it from purchasing U.S. components for seven years — a decision that essentially forced the company to shut down.

Trump followed up late Monday afternoon with a new tweet on the issue: “ZTE, the large Chinese phone company, buys a big percentage of individual parts from U.S. companies. This is also reflective of the larger trade deal we are negotiating with China and my personal relationship with President Xi.”

The new statement, however, still did not address the question of the Indonesian resort and the Trump Organization’s coming profit thanks to Chinese investment.

“This is stunning. They perpetually find new things to surprise me,” said Robert Weissman, president of the open government advocacy group Public Citizen. “The idea of the president intervening in a law enforcement matter to satisfy a foreign government is extraordinary. And it’s extraordinary because it doesn’t happen. Opening that door threatens the integrity of all corporate law enforcement.”

Shah, on other ZTE questions at the daily briefing, appeared to downplay the import of Trump’s directive to “get it done.” Commerce Secretary Wilbur Ross will examine the matter “consistent with applicable laws and regulations,” Shah said.

He acknowledged, however, that the issue is of great concern to the Chinese and its president, Xi Jinping.

“In our bilateral relationship, there is a give and take,” Shah said.

During his campaign, Trump attacked China almost daily for “stealing” U.S. jobs by manipulating its currency and using unfair trade practices. “No one has ever stolen jobs like other countries have taken from us,” Trump told a Nevada rally on Nov. 5, 2016. “We’ve lost 70,000 factories since China joined the WTO,” Trump told a Pittsburgh-area audience the following day.

In recent months, Trump has been trying to craft a trade agreement with China at the same time he is asking for Xi’s help in cracking down on North Korea because of its nuclear weapons program.

At a National Press Club speech Monday, Ross said that the ZTE sanctions were an enforcement action, unrelated to the trade negotiations, but that he would be reviewing the situation “very, very promptly” as a result of Trump’s request.

For ethics advocates, the timing of the ZTE tweet on the heels of the Indonesian development announcement is yet another example of the consequences of Trump’s unwillingness to abide by the emoluments clause.

“The Chinese government seems to have figured out a way to manipulate President Trump,” Weissman said. “It’s exactly why this anti-bribery clause of the Constitution is common sense.”
https://www.huffingtonpost.ca/entry/trump-china-zte_us_5af9f701e4b0200bcab7fa66

Oh okay so now he's gonna buy a big fat diamond ring for his immigrant wife.

ZTE ban is great wake up call from the U.S
We shouldnt let the U.S hold our neck.

Not neck. But don't let anyone get a grip on the balls.
That's what an old man once told me.

My crystal ball said US will try to sabotage the peaceful development, and as we all can see my crystal ball holds the truth.

You can't be more right.

 

[terranMarine]

I wonder where that @Oldman1 is hiding? It's very suspicious he remains silent lately.

Kim invited foreign journalists to witness the demolition of the test site. Release American prisoners so they could be send back to USA. Kept his word for peaceful development but what does Trump do?
He cancelled the summit, threw away the opportunity to write history and earning himself this so called "peace prize" (basically worthless), threatened Kim with US military ready to attack any time whenever he gives the order.

 

[TaiShang]

I wonder where that @Oldman1 is hiding? It's very suspicious he remains silent lately.

Kim invited foreign journalists to witness the demolition of the test site. Release American prisoners so they could be send back to USA. Kept his word for peaceful development but what does Trump do?
He cancelled the summit, threw away the opportunity to write history and earning himself this so called "peace prize" (basically worthless), threatened Kim with US military ready to attack any time whenever he gives the order.

US has proven to be a dishonest partner in peace. That's a lesson Europeans learned the hard way.

China already knew it.

 

[Jlaw]

US has proven to be a dishonest partner in peace. That's a lesson Europeans learned the hard way.

China already knew it.

why so shocked ? Do a simple search and see all the international treaties the US have broken in the past. Talk to a pure bred north American Indian how the US broke all the treaties they had with their ancestors assuming you can find any pure blood natives in US.

 

[ZeEa5KPul]

Talk to a pure bred north American Indian how the US broke all the treaties they had with their ancestors assuming you can find any pure blood natives in US.

No such thing anymore. Whitey raped all of them.

 

[My-Analogous]

https://sg.yahoo.com/news/trump-says-working-xi-save-telecom-giant-zte-161704392.html

Trump says working with Xi to save telecom giant ZTE
AFP News 12 hours ago

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US President Donald Trump says he is working with Chinese leader Xi Jinping to help telecom giant ZTE stay in business
US President Donald Trump said Sunday he was working with his Chinese counterpart Xi Jinping to prevent telecom giant ZTE from going out of business after it was hit by an American technology sales ban.

Writing on Twitter, Trump said he had issued instructions for officials to come up with a rescue plan, saying too many jobs were at risk.

"President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast," Trump said.

"Too many jobs in China lost. Commerce Department has been instructed to get it done!"

ZTE announced last week that its major operations had "ceased" following the imposition of a ban by the Trump administration of American sales of critical technology to the company, raising the possibility of its collapse.

ZTE's fibre-optic networks depend on US components and its cheap smartphones sold en masse abroad are powered by US chips and the Android operating system.

Without access to such technology, the company has been forced to partially shut down. "Major operating activities of the company have ceased," ZTE said in a filing Wednesday.

Beijing has closely followed the developments around ZTE, a company with 80,000 employees headquartered in southern China.

The ban on US sales to the firm arose from its skirting of US export controls by selling to banned countries like North Korea and Iran with employees documenting how to evade American oversight.

Those actions led to a $1.2 billion fine last year, with the current export ban imposed in April after ZTE allegedly failed to live up to its agreement, lying about the punishment of employees involved in the sanctions skirting.

Trump has insisted that relations between Washington and Beijing have never been better and he has been working closely with Xi in efforts to persuade North Korea to abandon its nuclear program.

But there have been tenisions on other issues with both countries threatening each other with trade tariffs.

There has been an intense rivalry for supremacy in key technology fields such as artificial intelligence and 5G, the next-generation wireless systems in the works.

Against that background, the Trump administration has barred military and government employees from using smartphones from ZTE and fellow Chinese maker Huawei.

Trump also earlier this year blocked a deal that would have allowed a Singapore-based firm to acquire US chipmaker Qualcomm, claiming it would enable Huawei to set the pace the global rollout of 5G technology.

The trade troubles threaten a technology sector that is increasingly intertwined with major players in the United States and China.

Soon China will replace the supplier. Thank you trump

 

[BATMAN]

Trump is targeting ZTE unfairly.
Every US company did business with Iran, when Iran was in good books.
ZTE should sue US administration for their dual and confusing policy and bigotry.

 

[Nan Yang]

A company needs to have contingency plans for supply china disruption. ZTE clearly didn't and they deserve to go under for that.

One day in the near future, ZTE will showcase it's latest phone with no US components.

 

[Oldman1]

I wonder where that @Oldman1 is hiding? It's very suspicious he remains silent lately.

Kim invited foreign journalists to witness the demolition of the test site. Release American prisoners so they could be send back to USA. Kept his word for peaceful development but what does Trump do?
He cancelled the summit, threw away the opportunity to write history and earning himself this so called "peace prize" (basically worthless), threatened Kim with US military ready to attack any time whenever he gives the order.

Silent? I'm just not here 24/7 like you buddy. Trump canceled the summit because Kim was playing hard to get. Guess what, Kim appeased and the summit is back on and the exercises still ongoing. What do you say?

*Trump cancels summit*

Kim decided he was sorry and and wants to be friends and stop playing hard to get.

US has proven to be a dishonest partner in peace. That's a lesson Europeans learned the hard way.

China already knew it.

Kim is showing his dishonesty threatening to pull out, well Trump show him and Kim says sorry.