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Combine this sort of thing with China's increasingly aggressive military stance, and in the long term, maybe medium or short term, world trade is going to be co

Combine this sort of thing with China's increasingly aggressive military stance, and in the long term, maybe medium or short term, world trade is going to be completely reshaped. Reliance on other countries now looks risky. If you manufacture in China, you're crazy if you don't have a backup plan for your operations being shut down as an outcome of government action on one side or the other.

Karishma1234 8y ago
That is where India can come into picture.
pm90 8y ago
No, they were repeatedly warned to not violate sanctions but kept ignoring those warnings. If you break the law you have to deal with the consequences.
- ronyclau 8y ago
  As released by the the Department of Commerce, ZTE has a document detailing: 1. how they evaded the sanction against Iran (destroying documents, re-export through a third country, deliberately removing logos from cargos, etc) 2. rewarding, rather than disciplining, staff involved in the evasion of sanction, an outright violation of the agreement they signed with Doc for a probationary punishment instead of a full-blown one 3. the resumption of sanction-evasive behaviors, while fully aware they are under active investigation Did I mention ZTE had prepared another document detailing exactly how their competitor Huiwei does the same?
- glenndebacker 8y ago
  Seems to be only for Chinese companies then... https://www.newyorker.com/news/news-desk/the-iran-business-ties-trump-didnt-disclose https://www.newyorker.com/news/news-desk/the-iran-business-t... You really must be extremely naive to think that this has pure to do with not following the rules after all the different arguments Americans/British have produced why companies like Huwaei/ZTE/... (because America is so trustworthy) are bad. I have the feeling that they just found a stick to beat the dog.
  - elp 8y ago
    "For my friends everything, for my enemies the law" - Óscar R. Benavides Trade agreements limit the size of import tariffs that can be imposed and this bypasses those limits nicely. (Not that ZTE weren't stupid to do this in the first place). On the other hand if it suits the right company they can do what they want. For example massive amounts of vanadium were shipped from the Congo to the US during sanctions for use by the US aircraft industry.
- runamok 8y ago
  My wife works in global trade and when the original violations were discovered she was surprised they were even given a 2nd chance. Their leaders are basically negligent at this point.

Karishma1234 8y ago

That is where India can come into picture.

pm90 8y ago

No, they were repeatedly warned to not violate sanctions but kept ignoring those warnings. If you break the law you have to deal with the consequences.

ronyclau 8y ago
As released by the the Department of Commerce, ZTE has a document detailing: 1. how they evaded the sanction against Iran (destroying documents, re-export through a third country, deliberately removing logos from cargos, etc) 2. rewarding, rather than disciplining, staff involved in the evasion of sanction, an outright violation of the agreement they signed with Doc for a probationary punishment instead of a full-blown one 3. the resumption of sanction-evasive behaviors, while fully aware they are under active investigation Did I mention ZTE had prepared another document detailing exactly how their competitor Huiwei does the same?
glenndebacker 8y ago
Seems to be only for Chinese companies then... https://www.newyorker.com/news/news-desk/the-iran-business-ties-trump-didnt-disclose https://www.newyorker.com/news/news-desk/the-iran-business-t... You really must be extremely naive to think that this has pure to do with not following the rules after all the different arguments Americans/British have produced why companies like Huwaei/ZTE/... (because America is so trustworthy) are bad. I have the feeling that they just found a stick to beat the dog.
- elp 8y ago
  "For my friends everything, for my enemies the law" - Óscar R. Benavides Trade agreements limit the size of import tariffs that can be imposed and this bypasses those limits nicely. (Not that ZTE weren't stupid to do this in the first place). On the other hand if it suits the right company they can do what they want. For example massive amounts of vanadium were shipped from the Congo to the US during sanctions for use by the US aircraft industry.
runamok 8y ago
My wife works in global trade and when the original violations were discovered she was surprised they were even given a 2nd chance. Their leaders are basically negligent at this point.