Luciano Moggi Tertawai Rumor Transfer Ronaldo ke Juventus
The White House Made a Deal to Save ZTE. Is It Any Good?: DealBook Briefing
What will the U.S. get for saving ZTE?
Commerce Secretary Wilbur Ross announced on Thursday that the U.S. has struck an agreement to save the embattled telecom company. But it’s unclear whether the White House has gotten a good deal.
The background: In April, the Trump administration blocked ZTE from buying U.S.-made equipment, a serious blow to the Chinese company. But in recent weeks, Mr. Trump has directed the Commerce Department to reach a compromise to help save the firm.
Here are the main details of the agreement, per Mr. Ross on CNBC:
• A $1 billion fine, and an additional $400 million penalty that will be held to cover potential future violations
• Changes to ZTE’s board and management team within 30 days
• A compliance team chosen by U.S. officials embedded in the Chinese company
“This should serve as a very good deterrent, not only for them but for other potential bad actors,” Mr. Ross said.
What the White House gets: A deal to save the embattled telecom company, by removing a ban on the sale of its equipment in the U.S., could aid the Trump administration’s trade negotiations with Beijing.
What critics say: An agreement could anger lawmakers who say that the White House shouldn’t pardon a company that violated U.S. sanctions against Iran and North Korea, and could also be viewed as a threat to national security.
Who did Warren Buffett, Jeff Bezos and Jamie Dimon choose to run their health care venture?
That remains an open question, but the three have chosen an executive to run their health care venture, Mr. Buffett told CNBC. He said an announcement will come within two weeks.
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