Schumer: Congress must stop reported ZTE deal 'in its tracks'

[Yo_Mama_Been_Loggin]

Source: The Hill

Senate Minority Leader Charles Schumer (D-N.Y.) is urging Congress to squash any attempt by the Trump administration to save Chinese telecommunications giant ZTE amid reports that the U.S. and Beijing have reached an agreement.

"Simply a fine and changing board members would not protect America’s economic or national security, and would be a huge victory for President Xi, and a dramatic retreat by President Trump. Both parties in Congress should come together to stop this deal in its tracks," Schumer said in a statement.

“If the administration goes through with this reported deal, President Trump would be helping make China great again," the Senate Democratic leader added.

Schumer's statement came after Reuters, citing a senior congressional aide, reported that a deal has been reached to lift a ban that prevents ZTE from buying U.S. products.



Read more: http://thehill.com/homenews/senate/389406-schumer-congress-must-stop-reported-zte-deal-in-its-tracks

[bucolic_frolic]

1. Trump is demolishing U.S. law and institutions

so that he can take over. Trading away America piece meal to foreign powers to personal advantage is part of that equation.

[riversedge]

4. Recall that congress passed the Russian sanctions and Trump ignored the law. Repugs

do nothing. nothing. nothing.

[erronis]

2. Of course you and I aren't privy to the actuarial details that went into this decision

Our representatives (pResident, negotiators, congress) will take care of us poor sheep. Don't worry.

Normally, in a mega-bailout such as this there are lots of cash-flow analyses, risk analyses, balance sheets, ownership tracking, liability, etc.

In the world of the new emperors (putain, xi, dump), no records are required. No accountability.

I understand how the Chinese through many millennia of warlords/subjugation and the Russians through brutal dictatorships and crushing economic inequality could say that "this is the new normal". But how did the US and possibly the western european countries come to accept this?

[riversedge]

3. NYT Trump Administration Plans to Revive ZTE, Prompting Backlash from Rubio, others.....

https://www.nytimes.com/2018/05/25/us/politics/trump-trade-zte.html?rref=politics&module=Ribbon&version=context&region=Header&action=click&contentCollection=Politics&pgtype=Multimedia




Trump Administration Plans to Revive ZTE, Prompting Backlash
Image
The Trump administration is said to have reached a deal that would allow the Chinese telecom firm ZTE to once again begin doing business with American companies.CreditManu Fernandez/Associated Press

By Ana Swanson

May 25, 2018


Such an agreement is likely to face fierce resistance on Capitol Hill. Top lawmakers, including Chuck Schumer of New York, the Democratic senate leader, and Senator Marco Rubio, Republican of Florida, have urged the administration not to bend on ZTE, which they consider a law enforcement and national security issue.

“ZTE presents a national security threat to the United States — and nothing in this reported deal addresses that fundamental fact,” Senator Chris Van Hollen, a Maryland Democrat, said in a statement. “If President Trump won’t put our security before Chinese jobs, Congress will act on a bipartisan basis to stop him.”

Lawmakers, including Mr. Van Hollen, have rolled out a variety of measures aimed at clipping the administration’s authority to ease penalties on ZTE and have publicly criticized the administration’s consideration of a deal.

On Thursday, the House passed a bill that would prevent the administration from easing restrictions on ZTE, and on Tuesday, the Senate Banking Committee approved a similar amendment that would prevent the president from modifying penalties on Chinese telecom companies that had violated American law in the past year. A group of 27 bipartisan senators also sent administration officials a letter last week warning them not to “compromise lawful U.S. enforcement actions against serial and premeditated violators of U.S. law, such as ZTE.”

“Yes they have a deal in mind,” Mr. Rubio said in a tweet on Friday. “It is a great deal... for #ZTE & China.”

“Now congress will need to act,” he added.........................