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Posts Tagged ‘president trump’

President Trump says ZTE must change management and pay $1.3 billion for sanctions to be dropped

Saturday, May 26th, 2018

The ZTE saga just keeps going... and going... and going. After the United States Department of Commerce banned ZTE from importing US-made components, due to the company violating an agreement it made in 2017, ZTE shut down most operations while it fought to lift the ban. Earlier this month, President Trump announced he wanted to help ZTE, as part of negotiating a trade deal with China.

The move drew criticism from many government officials on both sides of the political spectrum, as this was the second time ZTE broke US law.

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President Trump says ZTE must change management and pay $1.3 billion for sanctions to be dropped was written by the awesome team at Android Police.

President Trump says ZTE must change management and pay $1.3 billion for sanctions to be dropped

Saturday, May 26th, 2018

The ZTE saga just keeps going... and going... and going. After the United States Department of Commerce banned ZTE from importing US-made components, due to the company violating an agreement it made in 2017, ZTE shut down most operations while it fought to lift the ban. Earlier this month, President Trump announced he wanted to help ZTE, as part of negotiating a trade deal with China.

The move drew criticism from many government officials on both sides of the political spectrum, as this was the second time ZTE broke US law.

Read More

President Trump says ZTE must change management and pay $1.3 billion for sanctions to be dropped was written by the awesome team at Android Police.

House committee doubles down on ZTE sanctions despite Trump support

Friday, May 18th, 2018

ZTE was recently banned from acquiring components from US-based companies for seven years after the telecommunications firm violated the terms of a sanctions case. In a surprise move, President Trump announced his support for ZTE last week, tweeting that the sanctions resulted in "(t)oo many jobs in China lost." Despite this, a House committee has voted unanimously to reinforce those sanctions.

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House committee doubles down on ZTE sanctions despite Trump support was written by the awesome team at Android Police.

President Trump working with China to reverse ZTE trade ban

Sunday, May 13th, 2018

ZTE was accused of dodging United States sanctions on Iran in 2016, by selling technology from the U.S. to Iran through multiple shell companies. The U.S. Department of Commerce threatened to cut off ZTE from all its supply chain partners in the United States, which ZTE avoided by paying nearly a billion dollars in fines.

The ban went into force last month, after the DoC said ZTE had not complied with the agreement by not disciplining select employees involved in the operation.

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President Trump working with China to reverse ZTE trade ban was written by the awesome team at Android Police.

President Trump looking to impose tariffs on Chinese imports, including tech products

Wednesday, March 14th, 2018

President Trump has been discussing trade tariffs frequently over the past few weeks, and passing tariffs on steel and aluminum last week. According to Reuters, he is now looking into imposing tariffs on up to $60 billion of Chinese imports, specifically targeting consumer electronics, telecoms, and IT equipment.

This would have wide-reaching implications, including driving up the price of smartphones and other products manufactured in China. Apple, Samsung, Lenovo, ZTE, OnePlus, Oppo, and other companies build phones in the country.

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President Trump looking to impose tariffs on Chinese imports, including tech products was written by the awesome team at Android Police.

President Trump signs executive order blocking Broadcom’s acquisition of Qualcomm

Tuesday, March 13th, 2018

Broadcom attempted to purchase Qualcomm back in November, in what would be the single largest takeover of a chipmaker ever. The initial offer was declined by Qualcomm's board of directors, as was every subsequent counter offer. In response, Broadcom attempted to replace some of Qualcomm's board, allowing the purchase to be finalized. After months of turmoil, the White House has officially blocked the acquisition with a new executive order.

According to Bloomberg, President Trump signed the executive order based on advice from the Committee on Foreign Investment.

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President Trump signs executive order blocking Broadcom's acquisition of Qualcomm was written by the awesome team at Android Police.

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