Chinese telecom giant ZTE said its major operations had "ceased" following last month's US ban on American sales of critical technology to the company.
[...] The Shenzhen, China-based company has been spending an estimated 80 million to 100 million yuan in daily operational expenses, while most of its 75,000 employees sit idle, sources told the news outlet. ZTE had been working to get the denial order overturned and had pegged its hopes on broader bilateral trade talks between the US and China. Earlier this month, President Donald Trump sent a surprising tweet on ZTE that called for the Commerce Department to find "a way to get back into business, fast."
However, the House Appropriations Committee unanimously approved an amendment to a bill that would uphold sanctions against the company, delivering a sharp rebuke to Trump.
(Score: 1) by Sulla on Wednesday May 23 2018, @10:21PM (3 children)
Trump said he wanted to shave 200 billion from the trade deficit. Lets shave off this 1.5%.
Ceterum censeo Sinae esse delendam
(Score: 5, Informative) by takyon on Wednesday May 23 2018, @10:30PM (2 children)
Trump helps sanctioned Chinese phone maker after China delivers a big loan to a Trump project [vox.com]
Lawmakers take first step in stopping a Trump deal with ZTE [cnn.com]
Trump claims 'no deal' to help Chinese company ZTE [thehill.com]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 3, Insightful) by Anonymous Coward on Thursday May 24 2018, @12:44AM (1 child)
Yet we have people on this very site saying how happy they are with Trump. Definition of sheeple, praising a thieving scam artist.
(Score: 0, Funny) by Anonymous Coward on Thursday May 24 2018, @03:57AM
From the VOX article:
Not saying it is not true, but let us call it a conspiracy theory.