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More Concerns Arise from Latest Trump Deal with ZTE

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On Friday, U.S. President Donald Trump announced that he will be revoking the ban imposed by the Commerce Department on China's ZTE. Amidst the warnings made by lawmakers, the president made this important decision. With his decision, however, it looks like the trade war between the US and China is weakening.

Despite this decision, the White House announced that it will be imposing a tariff of $50 billion on goods imported from China. The purpose of this tariff, according to the announcement, was "to protect domestic technology and intellectual property from certain discriminatory and burdensome trade practices by China."

A report from Reuters suggests that there could be a meeting between Chinese regulators and Qualcomm sometime this week. The agenda of the meeting could be a final approval from the Chinese government to complete its NXP deal. And based on a report by Bloomberg, China could approve of this deal once the restrictions on ZTE have been successfully lifted by Trump.

This coincides with a report made by the New York Times that the President's daughter, Ivanka Trump, recently received a total of seven new trademarks for various businesses she owned. The trademarks were given to her by the Chinese government. Although these awards cannot be considered as out of the ordinary, it does raise some concerns over the president's separation from his family business connections.

With these developments, there is reason to believe that the relationship between the U.S. and China over trade is still very weak. What's hanging in the balance right now are several major tech players from the worldwide wireless industry.

Towards the end of the week, President Trump sent a tweet with his plan on how ZTE can restart its business.



The president's action was met with criticism from several legislators, among them were Republican Marco Rubin (Florida) and Democrat Chuck Schumer (New York).


Earlier this morning, a new announcement was made by the White House. The announcement seemed to clarify the tariff that will be imposed on imported Chinese goods. The report showed that a 25 percent tariff will be imposed on $50 billion worth of goods imported from China, particularly those that contain industrially significant technology. This includes the products under the "Made in China 2025" program.

A full and final list of covered imports is expected to be revealed on June 15th. The tariffs will then be imposed on these products after they have been identified.

There is still no word whether today's recent developments will affect Qualcomm's attempts to purchase NXP. There are reports that the company is on its last decision stage of closing the deal with Chinese regulators. We'll have to wait for more developments in the next few weeks.


Source: FierceWireless

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13 comments:

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  1. It makes ZTE about as worthless as BLU. Buy a ZTE phone at your own risk. Knowing that now there is a huge risk of having no support at all for it. Oh wait, that's the way it's always been for ZTE....

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    1. So if my ZTE phone breaks, what will Best Buy replace it with if they no longer can get the model that is warranted?

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    2. Great point ... There are a lot of excellent low cost phones now from companies that aren't as shady and shaky as ZTE, nor as dangerous and spyware-ridden as BLU headsets.

      Delete
  2. ZTE was caught selling commercial networking equipment to western governments and large companies with spyware hidden in the firmware. In 2012 ZTE lied to Congress about it. ZTE is partially owned by the Chinese military. Most western governments discourage their employees from using ZTE.

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    1. "The only way for them to not have just as much of a conflict of interest is if people sent Larry the cable guy or Joe the plumber to congress instead."

      That sounds like a great idea. Larry and Joe are literate enough to read the Constitution and not want to destroy the 1st and 2nd Amendments. I'd vote for them, for sure.

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  3. Congress is allowed to own stocks during and after serving, take lucrative jobs after leaving, and pay themselves above the median wage at taxpayers' expense.

    The only way for them to not have just as much of a conflict of interest is if people sent Larry the cable guy or Joe the plumber to congress instead.

    But if you didn't vote to send a poor, uneducated, out of work redneck to congress during the last election, or you didn't abstain from voting entirely, then you have no moral standing to criticize someone whose conflicts of interest are no greater than anyone else's in a town as corrupt and bought as DC.

    This is just partisan propaganda, which ignores the fact that all sides of the isle reek of dirt and filth.

    That's just that nature of a hypercentralized police state, especially one that sees the cobstitution and its first two amendments as an impediment to absolute supremacy over the populace.

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    1. "the President's daughter, Ivanka Trump, recently received a total of seven new trademarks for various businesses she owned. The trademarks were given to her by the Chinese government. Although these awards cannot be considered as out of the ordinary, >> it does raise some concerns<< over the president's separation from his family business connections."

      A NYT smear with innuendo. Ivanka is not running the company since the election. Ivan did not ask for the trademarks. Her father is completely "separate" from the company. What was the company supposed to do, let Chinese clothing manufacturers just rip off its trademarks by not registering in China?
      If a businessman or woman owns a businesses, should they have to sell everything when they become President? They have to make their children sell their businesses too? How about their parents' businesses? Some Presidential decision "might possibly" benefit them. This issue has already been settled by the ethics offices. The three Trumps serving in the White House do NOT have conflicts of interests since they are not running their businesses.
      I guess this only affects one party because the other party only nominates professional politicians and lawyers.

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    2. Trumps may not "run" the business but they have not divested. Trademarks issued all of a sudden after being in the ignore box for 2 years while other businesses who have nothing to offer Chinese govt. stay in ignore or no box for years. Yep, that's all above board, okeydokey, nothing abnormal there. NOT!

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    3. You mean the white house ethics office now barely staffed, ones there total sycophant lackies unqualfied and budgeted down to within a hair of nonexistent?

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    4. Nothing has been settled re conflict of interests. Lawsuits currently in process, many, many more to come. Trumps will lose mist of them, maybe not until after presidency but hopefully he & his brood will be ruined.

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    5. If you want your kids ine office over in the WH with you they need to divest their conflict of interests.

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    6. "I guess this only affects one party because the other party only nominates professional politicians and lawyers."

      Correct, as opposed to people with experience actually creating jobs. But yes, one party is full of lawyers anxious to take your case if you decide to spill coffee on your lap and want someone to pay you a million for it.

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  4. There is no "police state" in the US, unless you are looking at things from the point of view of a bank robber or a heroin dealer. Those poor persecuted bank robbers and heroin dealers!!! For the rest of us who aren't so debased as commit crimes, there is no such thing as a police state.

    Buddy, you know, sometimes we just need to take off the tin foil hat and look at reality. And stop listening to Alex Jones who usually just makes up stuff in order to get controversy and an audience.

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