Stephen Colbert exposes Donald Trump hypocrisy over China

Stephen Colbert exposes Donald Trump hypocrisy over China

The senators rued that the statement suggests that the administration is "not serious" about addressing the many economic challenges China presents and poses risk to American national security.

The US Commerce Department slapped the sanctions on ZTE because of the tech giant's business in Iran, which was allegedly in violation of US sanctions against the country. Last month, the U.S. Commerce Department banned it from buying U.S. technology or components for seven years after it misled regulators by failing to discipline employees involved in illegal exports and instead paid them bonuses. Since the company depends heavily on United States parts, production at ZTE's manufacturing plants ground to a halt over the past few weeks, and employees were barely working.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2018.

"ZTE did do some inappropriate things, and they've admitted to that", Ross said.

Derek Scissors, a resident scholar at the American Enterprise Institute, a right-leaning think tank, wrote in a blog post that proposing to lift sanctions on ZTE raises concerns that "President Trump will be guilty of what he correctly accused his predecessors of - letting China harm the United States".

National Security Agency documents disclosed several years ago by renegade contractor Edward Snowden disclosed that the agency has succeeded in penetrating Chinese telecommunications equipment and used the gear for electronic spying around the world. Trump's probably in a big hurry to get all that sorted before he sits down with North Korea's Kim Jung-Un before everyone figures out the real reason that Kim's coming to the bargaining table.

"One of the few areas where the president and I agreed, and I was vocally supportive, was his approach towards China".

"I don't know if they are close enough to close it out", Brady said. Marco Rubio tweeted Monday.

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"They recommended that the United States should view with suspicion the continued penetration of the US telecommunications market by ZTE".

The move could be a sign of more to comeExperts said the broader trend, however, is potentially encouraging for the U.S. economy.

White House economic adviser Larry Kudlow said an agreement on a new North American Free Trade Agreement would demonstrate the US can avoid a trade conflict with China.

So, as Trump pushes to cut American children's health insurance, allow corporations to pollute our drinking water without penalty, and diminishes our global leadership, he's carving out precious time to save a Chinese company that has been spying on us and our allies for over a decade. The White House is increasingly preoccupied with its efforts to reach a peace deal with North Korea and avoid a trade war with China.

It looks like ZTE was just thrown a lifeline by President Trump. -China business forum in Beijing.

The mere threat of Chinese tariffs on soybeans sent the price per bushel below US$10 (NZ$14.60) this spring, a move that starts to make it hard for some farmers to make money. But Chris Krueger, a strategist at Cowen Washington Research Group, was a bit more cautious.

The Chinese proposal is entitled, "Framework Arrangement on Promoting Balanced Development on Bilateral Trade", and I obtained an English version of the document, which is the Chinese government's negotiating position heading into the next round of talks.

Unsurprisingly, Trump's Sunday tweet took many in his inner circle by surprise.

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