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[...] "We are literally embedding a compliance department of our choosing into the company to monitor it going forward. They will pay for those people, but the people will report to the new chairman," Ross said in a "Squawk Box" interview.
ZTE's latest brush with U.S. regulators came after the company's business dealings with Iran and North Korea violated U.S. trade agreements. ZTE paid $1.19 billion in fines for those violations, but the dispute didn't end there. The Commerce Department then alleged that ZTE misled regulators and failed to discipline the employees responsible for the sanction breach.
The settlement deal includes $400 million in escrow to cover any future violations as well as requiring ZTE to change its board of directors and executive team in 30 days.
[...] In response to the announced deal, Senate Minority Leader Chuck Schumer said Thursday in a statement, "When it comes to China, despite [Trump's] tough talk, this deal with ZTE proves the president just shoots blanks."
Also at ZTE will pay $1 billion fine to beat US export ban
-- submitted from IRC
(Score: 5, Insightful) by Pslytely Psycho on Saturday June 09 2018, @09:57AM (7 children)
Whataboutism at its finest. Seriously, every time Trump does something stupid, all we hear is: Whatabout (Hillary, Obama, Bill C,). Remember, the China shit started with Nixon. As Spock said, quoting an old Vulcan proverb: "Only Nixon could go to China." Although Regan did as well, And the Chinese loved the Bush's. So we have Nixon, Ford, Carter, Regan, Bush I, Clinton, Bush II, Obama and now Trump, who have all failed to rein in China, and many who promoted China becoming what it is.
Spare me the false outrage.
Alex Jones lawyer inspires new TV series: CSI Moron Division.
(Score: 4, Informative) by Anonymous Coward on Saturday June 09 2018, @10:29AM (3 children)
It is only due to the Trump presidency that we were able to discover:
1. national security letters
2. FISA warrant
3. unmasking
4. undercover agent
5. use of Five Eyes to evade US law
Well shit. Next thing you know, we'll find out that Obama sent people to break into a building and then covered it up and had a recording erased. That would only be another 1% additional badness.
Nixon does look respectable now!
For details:
https://www.theepochtimes.com/the-five-methods-obama-officials-used-to-spy-on-the-trump-campaign_2544292.html [theepochtimes.com]
(Score: 3, Insightful) by Sulla on Saturday June 09 2018, @10:33AM (1 child)
Evidently both parties want the same thing, control. We have had decades of each party foisting more and more power on the executive because they can trust their own guy with the extra power. Back around the Drone filibuster Democrats said the power to kill anyone overseas being in Obamas hands was fine because he wouldnt abuse it, Reps do the same thing on other issues. Finally we have someone outside the traditional party structure in the executive and the parties are realizing the risk of so much power in the hands of so few.
Ceterum censeo Sinae esse delendam
(Score: 0) by Anonymous Coward on Saturday June 09 2018, @05:51PM
The thing is, mass media has become unbalanced and unhinged. Some say it is because it is dying and latching out to outrage is the last grasp of a drowning industry, but over the last 10 years nobody can claim that media doesn't have a leftist bias.
(Score: 1, Informative) by Anonymous Coward on Sunday June 10 2018, @03:28PM
Yeah... about that. None of those things were secrets. I mean we've been talking about that kind of stuff for 2 decades on slashdot.
The problem with all of those things are the potential for abuse. And what trump's done is made a showcase of them when they were used legitimately.
If you think that's going to reign in abuses in the future, I've got a trump tower in Azerbaijan [straitstimes.com] to sell you. The fact that all of these national security tactics were used on a legitimate security threat is going to validate them in the minds of people who would ordinarily be skeptical. He is single-handedly going to decimate opposition to the surveillance state.
When you throw in with a narccisistic sociopath, you give up your soul to them. If you legit cared about privacy and government over-reach, well you've just scarified those principles on the altar of your orange god. ETTD
(Score: 4, Insightful) by linkdude64 on Saturday June 09 2018, @02:35PM (2 children)
"Everytime Trump does something stupid"
How is him fining ZTE a billion dollars stupid, and where did I say that? To me this is Trump's cabinet doing something very positive by enforcing sanctions.
(Score: 3, Interesting) by frojack on Saturday June 09 2018, @06:11PM (1 child)
Starting in the Obama administration, ZET was said to be a National security risk, and Homeland Security lead the charge to get them banned.
(I've been suspicious of this all along.) Nowhere was any specific or actual risk shown, leaked, or demonstrated.
Suddenly we find out it was all about patents and royalties, and there never was any National Security angle to this whole brouhaha.
It was all about money, and cheating on royalty payments, and chip imports, and stuff. (Possibly bribes paid or delinquent).
Why did Obama find it necessary to feign a national security issue for a mere patent issue? They had no problem granting Apple import bans on certain samsung phones over the years.
Even weirder, Why did the Trump administration continue with this bogus national security issue nonsense right up to the point they revealed it to be all about money?
I wonder if some Deep State entrenched interests still blowing the national security horn, hoping to get ZTE to cave - and Trump's people found out it was all a scam.
Personally, I suspect ZTE find a replacement chip set for the Qualcomm patents they were forbidden to purchase. [theverge.com] This Caused Qualcomm to suddenly realize they were going to lose a huge market. (Hence the "$400 million in escrow to cover any future violations" is nothing but a license to steal for a couple year. None of that money is going to Qualcomm. Maybe to Obama cronies.)
And the sweetener in that arrangement for Qualcomm is that China agreed to allow Qualcomm to buy/merge NXP. [investors.com]
But NOBODY is talking National Security Issues any more.
The whole thing stinks like yesterday's fish.
No, you are mistaken. I've always had this sig.
(Score: 0) by Anonymous Coward on Sunday June 10 2018, @01:05PM
Maybe in your delusional world, but not the real world. Warnings about government control over chinese manufacturers are all over the place, not just the USA either. [ft.com]
Meanwhile your boy just declared that canadian milk is a national security threat requiring massive tarrifs to counteract.
It sure does. Just not even close to the way you've deluded yourself into thinking it does.