Trump says working with Xi to save telecom giant ZTE

[terranMarine]

Not to mention the CIA Director himself went to NK to make promises not to remove Kim from power.

Not that US is capable of removing him nor his old man and grandpa as long DPRK is under China's protection

 

[Oldman1]

Not that US is capable of removing him nor his old man and grandpa as long DPRK is under China's protection

Should have remind Kim that and have no need for nukes with China's protection and nuclear umbrella.

 

[Bussard Ramjet]

More like too many jobs in America lost due to Qualcomm going out of business as a result of ZTE not buying anymore of their chips.

This is incredibly hilarious. The loss to American companies is actually comparatively little, and most of their orders will just shift to other vendors anyways. It is not like the overall demand for smartphones will decrease.

 

[terranMarine]

Should have remind Kim that and have no need for nukes with China's protection and nuclear umbrella.

Actually he played it very smart. Now that he promises to denuclearize US will have to give something back in return. If US isn't keeping his word this time, you know exactly how the world views US . Kim wins points on the international stage by showing us he desire peaceful and economic development. Everybody welcome this move and it would look extremely bad for USA if it tries to sabotage this deal like what happened to Iran.

 

[Oldman1]

Actually he played it very smart. Now that he promises to denuclearize US will have to give something back in return. If US isn't keeping his word this time, you know exactly how the world views US . Kim wins points on the international stage by showing us he desire peaceful and economic development. Everybody welcome this move and it would look extremely bad for USA if it tries to sabotage this deal like what happened to Iran.

Or if Kim breaks his promise then it makes him look bad.

 

[Brainsucker]

Or if Kim breaks his promise then it makes him look bad.

Well, it doesn't matter. He already look bad anyway.

 

[Cybernetics]

Should have remind Kim that and have no need for nukes with China's protection and nuclear umbrella.

Look into Juche ideology. China didn't want to touch that with a 10 foot pole because of the geopolitical environment and political relationship with North Korea that would have created. It wouldn't be in China's favour at the time to say it would back North Korea militarily, they would have been even more emboldened. The current deescalation method is in China's favour.

During Kim Jong Il's time North Korea was essentially extorting money from China (from China's perspective) and provides nothing much in return, except its existence as a buffer. China was also very poor at the time. When China invested in NK's mining industry, they later closed it down due to some disputes, even captured some Chinese business people and accused China of taking advantage of NK. Simply they lacked resources and they needed it from China and other sources of international aid but had to justify their actions internally. Later trade improved but the politics was still tense, especially during the major political purge when Kim Jong Un came to power. The purge removed most of China's political contacts with NK. The current events are a new chapter in China-DPRK relations. It is starting from a clean sheet. When Kim Jong Un visited China, he was reminded the close relation between Chinese leadership and his grandfather Kim Il Sung. In this new chapter Kim Jong Un and the entire officialdom of DPRK knows they need to depend on China if they are to develop.

Remember that "bridge to nowhere"? It was built by China in anticipation of North Korea's economic opening that never materialised. Dandong was supposed to be turned into a special economic zone. China just didn't bother with North Korea for a long time. If China views that it cannot solve the problem in the short run, it would just leave it be, similar to how China viewed island disputes with Japan. There was trade but not too much on the long term development front. DPRK perused the Juche ideology and developed nukes.

 

[powastick]

Or if Kim breaks his promise then it makes him look bad.

Nah, US will try to make NK breaks its promise just like Iran.

 

[ZeEa5KPul]

I don't think there is anyone in the world still sympathetic to ZTE after their pathetic display.

I have my own take on the matter but I'm interested to hear yours in more detail. Please elaborate.

North Korea giving up nukes in return helping ZTE be worth it in my opinion.

I have this wad of chewed-up bubblegum I'll sell you for the low, low price of $50,000,000. Well worth it in my opinion.
If you think China's going to earnestly help the US denuclearize North Korea because it "helped" a Chinese company it hurt in the first place, then you're in another galaxy.

Not to mention the CIA Director himself went to NK to make promises not to remove Kim from power.

The word of the CIA director, or for that matter any American official of this or any other administration, past or future, isn't worth a pile of dog turds.

 

[qwerrty]

the damage already done. chinese tech companies will never ever trust american suppliers again... big meeting events are being held all around china, where big and small tech bosses come to talk about the future china's core tech this and that.. if you can read chinese, the 'chinese core' are everywhere dominating chinese tech news. the future of american tech companies making money in china don't look good at all..

 

[Cybernetics]

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

 

[TaiShang]

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

Wow, Mr. Trump did not come at a big price tag for China.

I guess this is a true win-win: Trump is happy, ZTE is happy.

But, I guess China is very unhappy with ZTE. So, I agree with @qwerrty , Trump ZTE ban could not have come at a better time. US advanced tech companies' monopoly will be broken one by one.

No tech company boss in their right mind will put all their bets on a US supplier. Yes, indeed, the new discourse in China is now nothing but creating a China semiconductor ecosystem.

 

[Cybernetics]

Wow, Mr. Trump did not come at a big price tag for China.

I guess this is a true win-win: Trump is happy, ZTE is happy.

But, I guess China is very unhappy with ZTE. So, I agree with @qwerrty , Trump ZTE ban could not have come at a better time. US advanced tech companies' monopoly will be broken one by one.

No tech company boss in their right mind will put all their bets on a US supplier. Yes, indeed, the new discourse in China is now nothing but creating a China semiconductor ecosystem.

Take it as the marketing cost for Made in China 2025 at home and driving the message deep within the psyche of the population and the industry with the ZTE incident. Such an incident is what China needed for giving the initiative greater emphasis. According to this development, it isn't even a price. The Indonesian project is likely profitable in the long run, thus the loans would be repaid. The loan makes Trump's path to profit easier, not a direct cheque to him.

The trade war threats are a big theatre which Trump excels at, he is a show man. Through this theatre he will enrich his business empire.

 

[Dinky]

The official reason is now because China agreed to not impose tariffs on certain farm products as retaliation for the tariffs Trump proposed on China. In other words... Even if we take the Trump admin exactly at their word, China has essentially gotten Trump to lift sanctions on ZTE in exchange for fixing a crisis Trump himself caused.

Trump is the biggest dumbass on this planet.

 

[Offshore]

Wow, Mr. Trump did not come at a big price tag for China.

I guess this is a true win-win: Trump is happy, ZTE is happy.

But, I guess China is very unhappy with ZTE. So, I agree with @qwerrty , Trump ZTE ban could not have come at a better time. US advanced tech companies' monopoly will be broken one by one.

No tech company boss in their right mind will put all their bets on a US supplier. Yes, indeed, the new discourse in China is now nothing but creating a China semiconductor ecosystem.

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