Trump Promises to Help ZTE

Wha?

US President Donald Trump has said he wants to help save ZTE, one of China’s biggest telecoms companies.

The firm has suspended operations after the commerce department last month banned US companies from selling it components for seven years.

[…]

ZTE pleaded guilty to making illegal shipments to Iran and North Korea.

US commentators say the tone of the tweet is a dramatic shift for Mr Trump, who has consistently accused China of stealing US jobs.

The concession to Beijing comes ahead of high-level trade talks later this week in Washington aimed at resolving an escalating trade dispute between the world’s two largest economies.

[…]

In March 2017 ZTE admitted to violating US sanctions by illegally shipping American technology to Iran and Korea and was fined $1.1bn (£800m).

The current export ban was imposed last month after the company allegedly failed to comply with its agreement, lying about the punishment of employees involved in skirting the sanctions.

While the story cites the upcoming trade talks as a possible explanation for Trump’s actions, I have to think that the upcoming summit with North Korea is also in play. While ZTE is clearly breaking the rules, there are bigger issues at play.

Trump is one of the few presidents we have seen who works with everything on the table all the time. He’s willing to move things around that are seemingly unrelated in order to find a way to move his agenda forward.