Prez Trump to save manufacturing jobs … in China, at ZTE

Prez Trump to save manufacturing jobs … in China, at ZTE

6 years ago
Anonymous $CLwNLde341

https://www.theregister.co.uk/2018/05/13/president_trump_to_save_zte/

United States President Donald Trump has signalled an intervention to avoid job losses at Chinese networking-kit-and-smartmobe-maker ZTE.

The US Department of Commerce recently imposed imposed penalties on ZTE after finding it sold kit to Iran and North Korean in contravention of US sanctions and undertakings not to do so. Those penalties prevented US companies selling to the Chinese concern, which is a bit of a show-stopper as ZTE is reliant on US companies for all manner of parts - Qualcomm for smartphone CPUs is the tip of the iceberg.