Sunday, May 13, 2018

Finally Trump works to save jobs


Unlike what most #MAGAts expected, Mango Muffinbutt is working with China to save jobs in China that were endangered by his tariffs and the jobs are in a company that has been accused of multiple trade export violations regarding restricted technology.
President Trump tweeted on Sunday that he was working with his Chinese counterpart, Xi Jinping, to prevent the collapse of the Chinese electronics giant ZTE, which shut down major operations after being sanctioned by the United States Department of Commerce last month.The department last month banned shipments of American technology to ZTE for seven years, saying the company had failed to reprimand employees who violated American trade controls on Iran and North Korea.

The company had already agreed last year to a $1.2 billion fine in connection with those violations. But now, barred from using American microchips, software and other components, ZTE struggled to manufacture its telecommunications equipment and smartphones.

Mr. Trump’s tweet on Sunday left many initially scratching their heads, in part because he has regularly trumpeted his efforts to save American jobs.In addition, the prospective shutdown of ZTE was seen as major leverage in ongoing discussions between China and the United States over Chinese trade practices. If the president was announcing a huge concession, it was without any indication of what he might have gotten in return.

In addition, the prospective shutdown of ZTE was seen as major leverage in ongoing discussions between China and the United States over Chinese trade practices. If the president was announcing a huge concession, it was without any indication of what he might have gotten in return.

“Given his pressure on Beijing on trade, I don’t understand concern for Chinese jobs,” in the tweet, said Adam Segal, a technology and security expert at the Council on Foreign Relations. It “goes against the steady stream of security warnings about ZTE,” he added.

ZTE said on Wednesday that it had halted “major operating activities.” It has 75,000 employees and says it has business in more than 160 nations. Although large American wireless carriers do not use the company’s telecom equipment out of security concerns, it is the No. 4 smartphone brand in the United States, behind Apple, Samsung and LG.
Such A Deal !! Kim Jong Un must be watching closely so he doesn't miss any of Mango's weaknesses.

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