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by happyopossum 2936 days ago
So the outcome here is:

- All key leadership and board memebers are to be fired and replaced within 30 days

- US picked compliance team embedded in ZTE that the commerce department is reimbursed for by ZTE

- $1B fine and $400M in escrow

- Qualcomm / NXP deal seems likely to be approved, helping US jobs

In the past we've seen other countries deal with Iran while under sanctions, and we've gotten nothing out of them other than speeches at the U.N.

I kinda think I like this better.

oblig disclaimer - I didn't vote for Trump, and I don't knee-jerk defend his actions...

2 comments

> In the past we've seen other countries deal with Iran while under sanctions, and we've gotten nothing out of them other than speeches at the U.N.

> I kinda think I like this better.

I think this is immensely unfair - you cite one deal that got a lot of press due to a series of unexpected about-faces in the US position. There’s no reason to believe that agreements of this nature are made but not publicized.

Also, I'm not sure I understand how this action relates to the sanctions placed on Iran. What is your reasoning?

I used the term sanctions in the broad sense when I could have used a more specific term, but I was referring to the trade and technology transfer restrictions (which fall under the generic umbrella of sanctions) that ZTE violated.
Just wait until the next time when China holds the keys to decide on an important matter. It'll be interesting to see how this eventually plays out, but maybe you won't like it better then.