President's ZTE aid, China's Indonesia project loan gives Trump a swampy look

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President's ZTE aid, China's Indonesia project loan gives Trump a swampy look

Senate net neutrality vote coming Wednesday Overnight Health Care - Sponsored by PCMA - New details on Trump's drug pricing plan Dems demand details on Cohen payments, citing potential corruption MORE (D-Ore.) and Banking Housing and Urban Affairs Committee ranking member Sherrod BrownSherrod Campbell BrownDems must beware impeaching Trump if the blue wave prevails These three Democrats are no sure thing in November Senate Dems tell Mulvaney to turn over calendar after comments about lobbyists MORE (D-Ohio), said that China's trade policies have devastating effects. "Everyone is looking for some kind of deal", he told Politico in an interview, adding that no agreement had been reached yet.

"The U.S.is moving against ZTE because it wants to knock China out of its leading position in 5G mobile communication technology", fumed Hu Xijin, the editor of China's nationalist Global Times tabloid, in a post on the Weibo microblog platform.

The sides are reportedly zeroing in on an agreement that would remove USA sanctions on the Chinese telecommunications giant, which is at risk of shutting down after the Trump administration barred domestic components manufacturers from selling to the company because it violated sanctions on doing business with Iran and North Korea. He promised to fix the problem as part of a larger trade deal and for the sake of his personal relationship with Chinese strongman Xi Jingping. In March, ZTE agreed to pay $1.2 billion, but when Commerce Department officials discovered a month later that ZTE had rewarded rather than punished the company officials responsible for the violations, it implemented a " denial order" prohibiting US companies from selling their goods to ZTE for seven years.

And President Trump needs China's cooperation in ironing out the trade spat, not to mention North Korea and a host of other issues.

Tensions between China and the United States have escalated in recent months.

At the White House, spokesman Raj Shah said Trump's request for Ross to re-examine the issue was part of a "give and take" with the Chinese.

Congressman Jim Himes says he's confused by President Donald Trump's announcement that he would work with China to create jobs for the Chinese phone maker ZTE.

It's probably just icing on the cake Trump's decision on ZTE allowed him to publicly undercut the Ross, who said just last week that the decision on ZTE is an enforcement action which would be dealt with separately from trade. "I call it a trade coalition of the willing".

As of Monday, the USTR's Office has received over 2,700 filings of written comments regarding the administration's tariff approach, with major US business groups opposed to tariffs on Chinese products. "If the US causes China's economy to collapse, it won't do the USA much good, and the US will lose markets for its core technologies". "It's really divorced from the trade story", Kudlow said.

"You (Trump) should care more about our national security than Chinese jobs".

"You're asking about a private organization's dealings that may have to do with a foreign government", White House deputy press secretary Raj Shah said yesterday in response to questions about the Indonesia deal.

The message from President Trump comes after ZTE faced several other obstacles, including having the heads of the Federal Bureau of Investigation and Central Intelligence Agency warning against buying phones from either ZTE or Huawei.

The expert noted that Trump is facing a lot of criticism from both the left and the right for his tweet about ZTE, making it hard for a deal to be struck between the two nations on the fate of the Chinese telecom company.

"We're still very far apart", he said.

The widening trade dispute between the world's two biggest economies has taken a toll on both sides.

USA companies are estimated to provide 25 percent to 30 percent of components used in ZTE's equipment, which includes smartphones and gear to build telecommunications networks. -China business forum in Beijing.

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