Tuesday, July 17, 2018

ZTE : Open for Business

Many of you noticed that ZTE was allowed to buy products in the US that were withheld from them in an effort to show our concern with violations of sanctions that ZTE’s officers were involved in.  There are several stories on this.

I rarely agree with Marco Rubio on much of anything, but he may be right on this one.  Allowing ZTE to get back in business was not a good idea, unless there is a lot more to this than we know.  They probably violated sanctions at the direction of the central government, but since they are an agent of the government, not an independent company, they didn't see the consequences coming.

Since they had government protection, they figured to be able to get away with shipping all those goods to Iran and North Korea.  They had every right to believe that since under the Obama Administration very little happened to them.  Nothing happened to the other company that did the same thing but got no sanctions and was never named.   There is something really wrong with both parts of this - sanctions against one and not the other - and lifting sanctions after they were made.

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