US Lifts ZTE Export Ban (engadget.com) 35
The U.S. Commerce Department has lifted the export ban on Chinese telecommunications giant ZTE now that it has met all the terms required to get a full reprieve. "Officials confirmed that ZTE had put $400 million in escrow on top of other requirements, including the payment of a $1 billion fine, replacing key leadership and accepting outside monitors that will ensure it honors U.S. export controls," reports Engadget. From the report: Strictly speaking, this more of a probation -- as with the last time, the Commerce Department is suspending its ban rather than removing it entirely. The monitors will keep watch over ZTE during the entire 10-year period of the suspension, so it won't have much choice but to fly straight if it wants to avoid another ban. The earlier ban would have "only" lasted seven years. The Senate recently passed a bill that would reinstate U.S. sanctions on the company, but the White House has vowed to squash it before it becomes law.
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I know, right?
MACA?!! (Score:1)
How does this make America great, again?
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It helps China's economy not collapse. Their growth is slowing significantly now, which means unrest ahead. This delays the inevitable slightly.
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China's economy was gonna collapse because of ZTE? You're joking, rught?
Re:MACA?!! (Score:5, Informative)
Well, the Chinese gave a half billion to Trump World [businessinsider.com] a very short while before Trump went to bat for ZTE - so this certainly helps the only American who matters.
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MAGA never meant Make America Great Again, that was just the joke.
What is actually means is Make America GILDED Again. Trump and the Republicans are attempting to take America back to the gilded age, where they thought it was greatest.
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Maybe in the bizarro world.
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1. ZTE breaks rules.
2. ZTE is punished with a list of things to do (basically the current list).
3. ZTE ignores the punishment (especially the part about not firing/punishing executive heads).
4. ZTE gets banned.
5. ZTE pinky promises to actually follow the punishment this time.
6. ZTE gets unbanned.
If this were under the GWB Whitehouse, ZTE would already have had evidence planted of trying to acquire yellowcake uranium and we'd be invading ZT
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You
That's fine (Score:1)
I will never purchase or use one of their products. Ever.
Good (Score:2, Informative)
That said, I also like my Axon 7 and would hate to see them stop making phones entirely.
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Why should a foreign company be subjected to US imperialistic laws?
We have to... (Score:2)
Imperialistic USA (Score:1)
This should be a lesson for every company in the world : never depend on American technology. The first thing the new leadership of ZTE should do is now replace as fast as possible Qualcomm chips and Android in their devices.
Squash schmosh (Score:2)
I thought the correct term was to quash [cambridge.org] a law?
Squash is what you do to bugs & tomatoes.