Trump says he wants to help ZTE "get back into business"

By midian182 · 48 replies
May 14, 2018
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  1. ZTE looked in serious trouble last week when the Chinese tech giant announced it had “ceased major operations” following a ban that prevents US companies from selling hardware and software to the firm. But it may have found an unlikely savior in the form of Donald Trump, who tweeted that he was working with Chinese president Xi Jinping to find a way for ZTE to “get back into business, fast.”

    The Commerce Department banned US companies from selling to ZTE for seven years last month. The penalty came after ZTE broke a plea agreement following last year’s admission that it violated sanctions by selling US-made technology to Iran and North Korea.

    25 percent of ZTE’s components come from US firms, such as Intel and Qualcomm. It said the ban “will not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of US companies.”

    The situation was an escalation in the trade dispute between China and the US, but Trump’s tweet could see a thawing of relations between the countries. The president’s reversal comes as US officials prepare for talks with top Chinese trade official Liu He in Washington.

    ZTE paid over $2.3 billion to 211 US exporters in 2017, and the company has over 80,000 employees. Part of Trump’s tweet reads, “Too many jobs in China lost.”

    White House spokeswoman Lindsay Walters said: “The President’s tweet underscores the importance of a free, fair, balanced, and mutually beneficial economic, trade and investment relationship between the United States and China. The administration is in contact with China on this issue, among others in the bilateral relationship. President Trump expects [Commerce] Secretary [Wilbur] Ross to exercise his independent judgment, consistent with applicable laws and regulations, to resolve the regulatory action involving ZTE based on its facts.”

    Several hours after his first tweet, Trump posted another message assuring people that “it will all work out.”

    The tweets appear to have divided opinion. Some analysts welcome improved ties between the US and China, while others maintain that ZTE technology poses a threat to national security, and that tough sanctions against the firm should remain in place.

    Permalink to story.

     
  2. erickmendes

    erickmendes TS Evangelist Posts: 428   +180

    Trump himself still the biggest threat to WORLD security... Helping ZTE would just ease relations with China, which would be a good starting point...
     
  3. MaikuTech

    MaikuTech TS Maniac Posts: 774   +140

    Honestly I don't believe Trump about anything, he let this happen to them, then a few weeks later he wants to be pals all of a sudden to help them ?
    For him to keep dipping into **** and then coming up out of **** on a daily basis, its making the world economy become highly unstable.
    Lets see trump talk to "Department of Commerce" again and see how well that goes.
     
    Charles Olson, wiyosaya and Capaill like this.
  4. Puiu

    Puiu TS Evangelist Posts: 3,034   +1,461

    He's just taking credit for someone else's work like always.
     
    wiyosaya and learninmypc like this.
  5. MoeJoe

    MoeJoe Banned Posts: 837   +440

    LMAO at all the crying... It's only ZTE. Not politics!
     
  6. kapital98

    kapital98 TS Maniac Posts: 272   +211

    I doubt Trump had much, if anything, to do with either the fines or the ban. Almost all of this work is done behind the scenes by non-partisan technocrats and with the approval of Secretaries.

    What's shocking is that Trump didn't play to his base on such a huge blow to China. This is a company that has admitted to doing shady transactions with Iran and North Korea. It's a company that has strong connections with the government.

    Now Trump wants to override the wisdom of his agencies and go against his rhetoric? Just another day in this administration...
     
  7. Uncle Al

    Uncle Al TS Evangelist Posts: 4,164   +2,637

    Another bump from the Trump Rump ......
     
    learninmypc and Charles Olson like this.
  8. Kibaruk

    Kibaruk TechSpot Paladin Posts: 3,537   +1,067

    You must be joking, it's all about politics.
     
  9. wiyosaya

    wiyosaya TS Evangelist Posts: 2,847   +1,389

    NK - that must be the reason that flip-flopper in chief wants to help - now!
     
    Charles Olson likes this.
  10. Danny101

    Danny101 TS Maniac Posts: 414   +150

    ZTE is going down for legitimate reasons. So by offering to help then out is playing the leverage game.
     
    Charles Olson and cliffordcooley like this.
  11. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 10,462   +4,341

    That is exactly what I was thinking.
     
    Charles Olson and Danny101 like this.
  12. Danny101

    Danny101 TS Maniac Posts: 414   +150

    That's been the pattern since he's been in office. Maximum pressure to the point of capitulation. Then offer a way out. The good cop, bad cop routine. Very Reaganesk. As long as it puts us in a better position, I'm all for it.
     
    lostinlodos and cliffordcooley like this.
  13. He realizes that ZTE, as well as other Chinese brands provides billions of dollars to American companies, including Qualcomm for example. Whether it was his decision or his advisers I don't know (I highly doubt he lets anyone tell him what to do or even listens for that matter). Besides that, China pushing back may cause more drama, that and he can ask China for a favor, you know seeing that we helped a Chinese company out when we didn't have to.....or I don't know what I'm talking about.
     
  14. captaincranky

    captaincranky TechSpot Addict Posts: 13,783   +3,203

    You know, when Obama bent over for those, "banks that were too big to fail", because he is (half) black, a Democrat, and lookin' out for us, it wasn't that much of an issue..

    This is the same game, in a different arena. But when Trump does it.....he's a hypocrite, and should be impeached.:eek:

    ZTE is, too big to fail", get over it.
     
    Last edited: May 15, 2018
  15. hqxt1964

    hqxt1964 TS Member Posts: 56   +17

    ZTE is only part of the deal, with qualcomm buying nzhipu. Mr Trump is a businessman, but he is now sitting in the President's seat.
     
    Charles Olson and erickmendes like this.
  16. lostinlodos

    lostinlodos TS Booster Posts: 138   +22

    International tech publications have put the total job losses (including beyond just Z’s employees) at an estimated 200,000 people.
    Trump is, partially, playing to his base here, if poorly so, by moving to retain employment, not just foreign but national too.
    And he IS in a place to negotiate a clean bilateral agreement here. If ZTE falls, hundreds of supply chain manufacturers fall too, eventually!

    As cranky said, nobody cared when Obama did it.
     
  17. Mugsy

    Mugsy TS Guru Posts: 498   +45

    If you needed more evidence China is playing a role in the "North Korea Talks", this is it.

    Trump went from complaining incessantly on how China was "eating our lunch", "taking our jobs" and "undermining our currency" to "China's economy is in trouble and needs our help."

    Nonsense.

    This is a "reward" to thank China for helping to insure the NK meeting happens.
     
    wiyosaya likes this.
  18. Danny101

    Danny101 TS Maniac Posts: 414   +150

    Politics is dirty and messy. Yes it is true that American companies benefit from supplying ZTE. It isn't like another company can't pop up from the U.S. or elsewhere to fill that void. I agree that dealing with N. Korea probably have something to do with it.
     
  19. MaikuTech

    MaikuTech TS Maniac Posts: 774   +140

    And if it doesn't ? I rather just get trump out of white house soon before its too late in his term.
     
    Charles Olson likes this.
  20. Charles Olson

    Charles Olson TS Member Posts: 34   +7

    I wonder what could have gotten Trump to turn a 180 in a couple of days ?
    Vox and other new sources seem to think this "
    Trump stands to gain from an Indonesian project that got a $500 million loan right before he flip-flopped on ZTE."
     
  21. Kibaruk

    Kibaruk TechSpot Paladin Posts: 3,537   +1,067

    What's the source?
     
  22. Charles Olson

    Charles Olson TS Member Posts: 34   +7

     
  23. learninmypc

    learninmypc TS Evangelist Posts: 8,369   +543

  24. Charles Olson

    Charles Olson TS Member Posts: 34   +7

    Yes that was the article I was referring too and I don't know why they would not let me post it but they let you ! You must have pull here as I'm kind of new here !
     
  25. wiyosaya

    wiyosaya TS Evangelist Posts: 2,847   +1,389

    Trump is learning a hard lesson - the US cannot exist isolated from a global economy.

    At least congress, at the time, passed regulations that made it much harder for banks to screw their customers. Regulations, I might add, that the current congress is doing their best to undo.

    You once said that you endure presidents. Perhaps it is time to start looking through the smoke that all of them blow out their a$$es? Though I voted for him, there were quite a few things that Obama did that I thought were not the greatest of decisions.
     
    Last edited: May 19, 2018
    Charles Olson likes this.

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