After ZTE reversal, Democrats accuse Trump of jeopardizing national security

16 May, 2018, 08:07 | Author: Dustin Murphy
  • Proshare Nigeria Pvt. Ltd

Now, the Trump administration and the Chinese government are locked in negotiations over trade. "I think that's where we are as a group".

Commerce Secretary Wilbur Ross says the department will be exploring "alternative remedies" to punish the Chinese company ZTE for defying trade sanctions. Trump's Justice and Commerce departments enacted stiff penalties, which most thought could put the company out of business because it would be blocked from acquiring US parts.

All three major US stock indexes were down almost 1percent, on track to post their worst daily declines in three weeks. The White House is increasingly preoccupied with its efforts to reach a peace deal with North Korea and avoid a trade war with China. The EU wants to improve trade relations with the US, but won't make concessions to solidify the exemption because it needs to consult with its 28 members, European Commission Vice-President Jyrki Katainen told a news conference, according to Reuters. "Stay tuned!" Trump tweeted on Tuesday.

Reuters reported China is "willing in principle" to import more USA agricultural products in return for easing penalties on ZTE.

Kudlow was critical of ZTE in an interview with the Politico news outlet, saying it was a "very poorly run company" with "many internal flaws".

"It really tells you that there's no justification at all for the Federal Reserve to slow down the growth pace, which tells you that maybe this hiking thing and long term yields is real", Chan said. "The issue is to not simply to let them off, but perhaps to do so in a manner that they could conceivably go back into business". "I fully expected China to apply political pressure to get the denial order lifted". This has fanned fears of a full-blown commerce war that could hurt the supply chains that balance global trade. Republican senators from agriculture states have been lobbying the president about every chance they get to make sure farmers don't end up as the big losers in the US-China trade spat.


Washington lawyer Douglas Jacobson, who represents some of ZTE's suppliers, said: "This is a fascinating development in a highly unusual case that has gone from a sanctions and export control case to a geopolitical one".

"This enforcement action against ZTE is not a trade issue", Rubio said on Fox News Channel.

"We don't know what the outcome is going to be - I can't possibly say here", Kudlow said.

Branstad said China has not met pledges to open up its insurance and financial services area, as well as reduce auto tariffs, and that Trump would like to see a "dramatic increase" in food exports to China. Both the United States and China have proposed tariffs worth tens of billions of dollars in the last few weeks.

The companies are controlled by the Communist Party of China and could be used for operations to compromise US communications infrastructures, the report said.

The utilisation of nontraditional collectors here in the United States - engineers, scientists, students in school - and their ability to, from a cyber-enabled perspective, identify and attract unclassified data from research facilities continues to allow the U.S. to not only lose positions, jobs, research and funding, as well as provide first-to-market capability to the Chinese, he said.

Recommended:



Popular

Facebook's audit into app data collection underway, 200 apps suspended
Having another Cambridge-based outfit caught harvesting details from millions of users is hardly a good look for Zuck and Co. Today Facebook announced that after auditing "thousands of apps", it found and suspended "around 200" that were suspicious.

Israeli troops kill 2 and injure hundreds, Palestinians say
The prime minister urged Israel to "show restraint" after soldiers shot dead two more Palestinians near the border on Tuesday. U.S. officials insist the administration remains committed to restarting the stalled Israeli-Palestinian peace process.

Pioneering US author Tom Wolfe dies
He moved to New York in 1962 to join the New York Herald-Tribune and would call the city his home for the rest of his life. Thompson, George Plimpton, Norman Mailer and Truman Capote .

Janoris Jenkins continues to pound drum for Dez Bryant to Giants
I still believe Dez can high-point the football as good as any other wide receiver in the National Football League. Now, a former Dallas Cowboys player believes he'll have many more chances to catch some balls in Green Bay.

Experts have warned of the danger to encrypt emails
The researchers clearly state: "The Efail attacks require the attacker to have access to your S/MIME or PGP encrypted emails".

Legal sports betting in Arizona?
A monumental ruling by the United States Supreme Court sets the stage for legalized sports betting across the country. The NCAA now doesn't hold NCAA Tournament games or any other NCAA-run events in Nevada because of its legal gambling.

Race for governor leads Pa. primary ballot
The Republicans are Rick Saccone (who lost to Conor Lamb in the nationally watched special election) and Guy Reschenthaler. You can look at your new district here and you can figure out where to go vote by entering your address here .

Wildcats selected to host NCAA regional, 14 seed in tournament
But, if Mississippi State can claim enough wins to take the regional, then they'll advance on to the Super Regional Round. The Lady Vols rebounded to close the regular season with four straight series victories.

Tension as United States fighter jets intercept Russian bombers
A pair of USA fighter jets intercepted two TU-95 bombers, similar to the one pictured here, Friday morning off the Alaskan coast. Intercepts in the zone occurred about 60 times from 2007 to 2017, The New York Times reported a year ago .

Vulnerable Democrat announces support for Trump's controversial Central Intelligence Agency pick
He also said that Haspel had assured him she would be "responsive to Congressional oversight". Trump by the greatest margin, has also voiced his support for Haspel.