ZTE company stops business because of US sanctions.

[Stokely]

Correction, China provided corporate America a way to bypass living wages, healthcare, environmental rules, safety rules, local taxes (like school taxes), labor laws, etc. while having a structured authoritarian society that makes excellent factory workers which is why they are not easily replaced by other countries on lower prices alone, a new gilded age out of sight and out of mind as long as Americans got their "cheap prices".
.

This right here is maybe the best short paragraph I've read on the issue of "why are we losing our factories overseas".

Ironically EVERYBODY is going to "lose" in the end to the machines Automation is coming for them as much as for us.

Our society that values hard work so much is going to have a real hard time in the years ahead, with automation, 3d printers etc putting most of us out of work (short of some Dune-like proscription on automation, which would be the ultimate in government meddling!)

 

[woolfe9998]

No, but they did just give a Trump project in Indonesia $500M in financing. Like, literally 48 hours before Trump tweeted about ZTE. LOL, "the art of the graft".

http://www.scmp.com/news/asia/south...esia-project-latest-stop-chinas-belt-and-road

Yup, looks like they bought Trump.

On Sunday, Donald Trump surprised his own advisers and reversed U.S. policy by announcing on Twitter that he wanted to lift U.S. sanctions on the Chinese telecom company ZTE. On Monday, Trump explained that the move was in part a personal favor to China’s president, Xi Jinping.

In what may or may not be related news, the Agence France-Presse news service is reportingthat a Chinese company agreed last Thursday to build a theme park at a major Indonesian development project that is set to include Trump-branded hotels, residences, and a golf course—and that will be funded in part by $500 million in Chinese government loans.

https://slate.com/news-and-politics...lion-chinese-government-loan-report-says.html

LOL @ "may or may not be related"

 

[Linux23]

Correction, China provided corporate America a way to bypass living wages, healthcare, environmental rules, safety rules, local taxes (like school taxes), labor laws, etc. while having a structured authoritarian society that makes excellent factory workers which is why they are not easily replaced by other countries on lower prices alone, a new gilded age out of sight and out of mind as long as Americans got their "cheap prices".

China's buildup is the result of American "profit only matters" greed, declining morality and principles, short term thinking where everything is a cost to be cut to drive profits to the top, all else be damned.

Trump is a day late and a few dollars short whatever his motives and is going to make China accelerate its economic independence in order not to be put in that position again, while Americans worry more about cheapest prices while waging trillion dollar wars, crumbling infrastructure, declining education standards as well as the skillset and knowledge necessary for the outsourced blue collar jobs, as well as superficial ethics and morals in their race to the bottom.

OMG i've been trying to phrase this thought for the past year and a half and you nailed it. Wow.

 

[William Gaatjes]

The odds that EU nations will abide buy US sanction reinstatement on Iran are surely nosediving at this very moment.

Well, part of the government of the netherlands are really USA @SS kissers. What ever the POTUS wants, happens. I just read that politicians in the Netherlands have in place a ban on kaspersy software products to be used for government computers. There is no evidence, yet they behave like this. Those same dutch politicians that try always to be so righteous and that always evidence must be provided. Makes me want to puke. And yes, i am from the Netherlands.

 

[hal2kilo]

Yup, looks like they bought Trump.



https://slate.com/news-and-politics...lion-chinese-government-loan-report-says.html

LOL @ "may or may not be related"

It's like they don't know what's illegal, or they just don't F'n care anymore.

 

[OutHouse]

YAONET IS THE FUTURE

 

[zinfamous]

Dimwits want to blame Trump for everything.

This is funny to read today, regarding ZTE.

lol.

 

[zinfamous]

heard this just before on NPR. I wonder how that will play with his base.

They are not going to be informed. Their information stream is rather heavily regulated.

 

[Fanatical Meat]

This is funny to read today, regarding ZTE.

lol.

Hey Dim Wit! You are blaming Trump!

 

[hal2kilo]

They are not going to be informed. Their information stream is rather heavily regulated.

I wonder what the people who voted for him thought "Drain The Swamp" meant.

Edit: Must of meant drain DC's swamp into Trumps.

 

[zinfamous]

https://slate.com/news-and-politics...lion-chinese-government-loan-report-says.html

LOL @ "may or may not be related"

But but but 13 agencies and people and country transfers and Russia and Uranium = Hillary!

....and still no fucks were given by the base.

 

[Fanatical Meat]

I wonder what the people who voted for him thought "Drain The Swamp" meant.

Easy, it means go out and yell at every Politician

 

[zinfamous]

I wonder what the people who voted for him thought "Drain The Swamp" meant.

Perhaps they actually understood that their homes and livelihoods were to be the catchment basin for the swamp(s) being drained by Trump, such that entirely new, bigger and better and greater swamps could be made!

Because that is, quite literally, what is happening. I guess Trump supporters are really into scat porn, because they sure do like being shit upon.

 

[dawp]

think i'll leave this here:
https://www.inquisitr.com/4900957/d...hinese-company-connected-to-his-own-business/

 

[BoomerD]

think i'll leave this here:
https://www.inquisitr.com/4900957/d...hinese-company-connected-to-his-own-business/

Don’t hold your breath...unless the Dems take control of both house and senate, things will continue like they are. It’s not like the (R)’s have enough ethics to stand up to him.

 

[dawp]

Don’t hold your breath...unless the Dems take control of both house and senate, things will continue like they are. It’s not like the (R)’s have enough ethics to stand up to him.

I'm not, chances are dependent on what actually come up.

I can always dream though.

 

[Linux23]

Trump could shoot somebody in DC and get away with it.

 

[hal2kilo]

think i'll leave this here:
https://www.inquisitr.com/4900957/d...hinese-company-connected-to-his-own-business/

One can only dream.

 

[interchange]

This right here is maybe the best short paragraph I've read on the issue of "why are we losing our factories overseas".

Ironically EVERYBODY is going to "lose" in the end to the machines Automation is coming for them as much as for us.

Our society that values hard work so much is going to have a real hard time in the years ahead, with automation, 3d printers etc putting most of us out of work (short of some Dune-like proscription on automation, which would be the ultimate in government meddling!)

Well I'm personally skeptical that automation is going to have quite the impact you describe. Nonetheless, that would mean US shift in industry away from manufacturing is a good thing for our future. What we ought to be more afraid of is China's push to be technologically independent and their ability to reverse engineer our products and usurp legal protections on innovation. Ironic that this is an example of successfully enforcing limits on China doing just that which has now blown up in smoke.

 

[darkswordsman17]

ZTE was the one that bet on US chip suppliers, while Huawei is making their own. Android is open source, so they could use it regardless of what US says. It's mainly access to Play Store and official Google support, which is important for many markets.

That's my point, that stuff doesn't really matter, its fairly trivial for them to switchover the hardware, they have plenty of options for the hardware that would bypass the US restrictions. But they don't have a suitable alternative for Android.

Android is open source, but you then have to develop things yourself if you break off from it. And then you have to offer something more compelling than what Google does, and probably at a steep discount. Access to the Play Store and Google is the key. Its why no one else has succeeded. In fact, everyone is dependent on Google. Microsoft failed to make inroads because Google threw a fit (and sunk their mobile OS entirely after they developed a way of running Android apps, likely because Google would've sued them, and so realized it would be futile). Apple had leverage and even then (and don't forget, Jobs was psychotically pissed about Google over Android), they knew better than to hurt themselves and block Google (and also why they went after Samsung and not Google itself as it likely would've triggered Google doing to Apple what they did to Microsoft). Samsung has been trying for years to make alternatives to Google, and pretty much no progress in a meaningful way.

If Huawei loses their ability to license Android, they're going to be boned just like ZTE. And there's been movement in that direction. And Huawei is doing their own OS, but it'll be years before it'd be able to compete with Android, and likely never will on apps, and will struggle internationally without Android.

 

[senseamp]

Android is open source, they could still use it. Huawei may be hurt in US market without official Google app support, but at least they would be able to sell in China. ZTE would not due to reliance on US chips. It's a bummer for US tech in the long run, but China will not let this slide, even with Trump backtracking. You can't put this toothpaste back into the tube. This is now out of the business space and into the geopolitical realm. China will now pour endless billions into their chip sector to squeeze American dependece out, so this does not happen again. And they will put roadblocks for American technology to protect their upstarts.

 

[MomentsofSanity]

Yeah. About this.

http://thehill.com/policy/technolog...ngly-approves-amendment-blocking-trump-on-zte

A Senate panel on Tuesday rebuked President Trump's efforts to ease sanctions on the Chinese telecom firm ZTE, which the intelligence community and trade regulators have warned poses a national security risk for the U.S.

The Senate Banking Committee approved an amendment in an overwhelming and bipartisan 23-2 vote that would block Trump from easing sanctions on ZTE without first certifying to Congress that the company is complying with U.S. law.

 

[zinfamous]

Yeah. About this.

http://thehill.com/policy/technolog...ngly-approves-amendment-blocking-trump-on-zte

All the winning makes me stronger. I can feel it in my veins.

 

[darkswordsman17]

Android is open source, they could still use it. Huawei may be hurt in US market without official Google app support, but at least they would be able to sell in China. ZTE would not due to reliance on US chips. It's a bummer for US tech in the long run, but China will not let this slide, even with Trump backtracking. You can't put this toothpaste back into the tube. This is now out of the business space and into the geopolitical realm. China will now pour endless billions into their chip sector to squeeze American dependece out, so this does not happen again. And they will put roadblocks for American technology to protect their upstarts.

I completely addressed that in my post. They're hurt in a hell of a lot more places than the US without Google. You ridiculously are underestimating things if you think Huawei would be fine forking Android.

I wouldn't say that, it was inevitable that changes would be coming, and US tech companies have been able to prosper regardless. This has been an issue for years. The toothpaste was already out of the tube, and all over the bathroom before Turmp even ran for office. Uh, yeah no shit. That you thought anything but that is...I don't even know what to say. Literally the entirety of modern China (since what the 50s?) has been geopolitical plays. You can't separate business from that any more, especially in markets like this. Business is geopolitics. They were already doing that (you know that, right? They were working on an x86 alternative, they've been working on ARM designs, they're even working on quantum chips). Like I said, that won't even matter if they can't actually innovate things themselves. The hardware doesn't matter. Its not where Android income was really coming from (in fact, hardware is so slim margin, and most companies even lose money). I mean, Samsung has been trying to do that, but they're still stuck depending on others because of the software side of things. China starts doing stuff like that, and companies like Apple are going to start coming up with contingencies of their own.

US companies sold the American people out, but the Chinese government did that to itself at the same time. They chased globalization, and it is changing the Chinese people. Even Chinese people love Apple. China can't put that toothpaste back in the tube either, and they have just as much to lose.

 

[MomentsofSanity]

http://money.cnn.com/2018/06/07/tec...tm_content=2018-06-07T14:57:08&utm_term=image

Chinese smartphone maker ZTE will pay a fine of $1 billion and bring an American monitoring team on board to resolve a high-profile dispute with the United States.
The deal, announced by US Commerce Secretary Wilbur Ross, will mean the end of a ban on ZTE buying American parts, provided the state-controlled company sticks to the terms.


Ross said the deal was struck at around 6 a.m. ET on Thursday, and it will impose "the most strict compliance that we've ever had on any company, American or foreign." ZTE will also put $400 million in an escrow account.