Trump Flip Flops Again As US Slaps ZTE With $1.3 Billion Fine

Well this is confusing. First the Trump Administration punished ZTE to the point that ZTE was going to shut down. Then President Trump says he’s going to save ZTE because too many jobs in China have been lost. Now, President Trump put this out there:

This is part of a larger effort in the form of a bill that goes like this:

  • ZTE will pay a $1.3 billion fine
  • ZTE will change its management and board
  • ZTE will provide “high-level security guarantees.” Whatever that means.
  • The bill will prohibit Chinese telcoms from doing business in the US.

My head is spinning from all this flip flopping. I’ll just stick around and watch to see if this changes again.

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