$1.7 billion fines ? peace of cake compare to $50 billion fines to apple in China later. LoL
USA won a lot economically from this deal, Trump made sure he gets out as a winner from this deal, and China didint have a choice but to comply after all ZTE made this mess themselfs
Trump Fan 1980, 03 Jun 2018 I'm surprised your Note 7 didn't tragically end you. Glad to see you survived my lad.Thank you!
I'm surprised that Trump-backed media keeping the rumors that ZTE agree to pay.
In China, the media keep saying that ZTE would not bow to America bulying.
ZTE would rather close than pay for a bully
They have money and power.....and zero honor.
Anonymous, 02 Jun 2018It's pure economics. It's cheaper for ZTE to pay the "fine" than lose it's US business.Exactly.
There is a cultural difference where Americans try to innovate and invent new things. Whereas Chinese prefer to copy and cut-corners. I know this is gross-generalisation, however that does not make it untrue.
There are policies against plagiarism in China which are real head-scratchers. However, they are improving and getting better. I mean just last year China was able to manufacture its own ballpoint pen, instead of buying it from USA/Europe. So in that fashion, China may be able to design their own chipsets (instead of licensing/buying overseas) and maybe make their own Operating System (instead of licensing/importing).
So the ZTE fiasco is a good teachable moment to the Chinese government, and their other corporations. The reality is that China depends on USA much much more than USA depends on China, however, together they are mutually beneficial when they cooperate.
This is extortion and financial bullying, typical for America. China should sue Apple for a few billions for all the unfair things they've done, to show that two can play these games.
Smartphone industry is used as politician tools now? Ok. If war happens because of this I'm done with human.
Anonymous, 03 Jun 2018You got fine! You got fine! Everyone got fine! Agreed. Death, taxes and fines... Three certainties
Note7 owner, 02 Jun 2018Trump is a wuss! I'm surprised your Note 7 didn't tragically end you. Glad to see you survived my lad.
Just bullying around.
The Chinese who have an ideogram that simultaneously means chaos and opportunity could've used this to fire all those execs and save themselves a lot of money, make ZTE great again!
that's how america gets rich
Fine is nothing compared to what thus region has done to USA companies and abroad! GlAlls abouts greed of monwy.
Increasingly America is fining foreign companies for flimsy reasons. When home companies like Facebook and Twitter have broken established laws. Expect Russia and China to fine American companies...dont complain then..
You got fine!
You got fine!
Everyone got fine!
Why need to pay money to the Thief?
easy money goy
The EU swamp once again uses "fines" to fund their luxury yachts...
Oh wait, wrong country and wrong legislators.
Congrats with the new yacht, Mr. speaker Ryan! \o/