Trump Orders to Help ZTE after China Approves Funding for His Project!
Trumpās Indonesian resort project receives an astounding $500 million funding after the Chinese approved his business loan. As an act of gratitude, Trump tweeted stating heās ordering the government to help ZTE.
A Win-win Situation
Just three days after the Chinese government announced they planned to invest in Trumpās Indonesian project and was also giving out half a billion dollars, Trump announced he and President Xi Jinping are working together to help the largest Chinese phone company, ZTE, get back in business fast.
Due to the companyās fallback, thousands of Chinese people lost their jobs. Heās now ordering the Commerce Department to get the job done. The said resort outside Jakarta not only received $500 million from Chinese government loans, but Trumpās company also sealed another $500 million funding from Chinese banks.
Conflict of Interests
Meanwhile, the public slammed Trump for not being consistent with his campaign promises. The President said that he will turn over his business to his sons and will have no involvement with it once he won the Presidency.
However, it turned out heās still invested heavily in his businesses and continues to receive huge profit out of it. He also stated how the deal violated the emoluments clause of the Constitution. The said clause prohibits the U.S. President from receiving payments, profit, or any form of monetary value from foreign governments for his own personal or business interest.
As of this writing, the White House declined to comment on the issue and established the connection between Trumpās directive on ZTE and the āMNC Lido City.ā The Deputy Press Secretary Raj Shah said he didnāt speak about the said issue during a briefing last Monday. Trumpās family business acknowledged its involvement with the resort last Monday. However, they refused to disclose how much the company will spend on licensing and management fees.
ZTE phones have been banned from military use due to the security risks it imposed to the U.S. intelligence and military community. They claimed the device could track the location of their service members, which could endanger the soldierās lives if the enemy managed to track their bases and locations.
Aside from that, the company was already fined with an astounding $1.2 billion last year when it violated the U.S. sanctions against Iran and North Korea. The ZTE officials had lied about their actions, which prompted the U.S. government to ban the company from purchasing components and spare parts to assemble said phones for seven years. And since the company imported most of its components from the country, the ban essentially forced the company to shut its operations down.
While the public lamented the President for intervening the law to satisfy a foreign firm and government, Shah, on the other hand, downplayed Trumpās directives. He said that the Commerce Secretary Wilbur Ross will assess the situation to make sure applicable laws and regulations will be followed and implemented following the order. He also dismissed the idea that Trumpās latest tweet threatens the corporate law enforcementās integrity. If anything, he emphasized that āgives and takesā should take place between two nations establishing a bilateral relationship and diplomacy.
For the past few months, Trump has been trying to seal a trade agreement with China. Aside from that, heās been seeking Xiās help to become a third party negotiator in cracking down North Korea due to their nuclear programs. Robert Weissman, President of Public Citizen group which promotes for an open and transparent government, said that the ZTE and Indonesian Resort deal is an example of Trumpās unwillingness to abide by the emolument clause. Heās appalled how the Chinese government seems to find a way to manipulate the US President.
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