Trump Tweets ‘Nothing Has Happened With ZTE Except As It Pertains To The Larger Trade Deal’

President Donald Trump tweeted Wednesday that the reversal on trade policy around ZTE Corp. does not indicate a slackened position on China trade negotiations.

Here’s what Trump said in a series of tweets:

“The Washington Post and CNN have typically written false stories about our trade negotiations with China. Nothing has happened with ZTE except as it pertains to the larger trade deal. Our country has been losing hundreds of billions of dollars a year with China…We have not seen China’s demands yet, which should be few in that previous U.S. Administrations have done so poorly in negotiating. China has seen our demands. There has been no folding as the media would love people to believe, the meetings…haven’t even started yet! The U.S. has very little to give, because it has given so much over the years. China has much to give!”

Why It’s Important

The president’s support of trade with ZTE had driven a spike in optical stocks exposed to the Chinese business. Some shares traded lower Wednesday on the clarified policy.

Acacia Communications, Inc. (NASDAQ: ACIA) fell 4.3 percent and Oclaro Inc (NASDAQ: OCLR) 1.1 percent, while Applied Optoelectronics Inc(NASDAQ: AAOI) and Lumentum Holdings Inc(NASDAQ: LITE) dipped marginally.

What’s Next

Chinese Vice Premier Liu He arrived in Washington Tuesday for a five-day visit packed with trade talks. Reuters reported that several U.S. lawmakers U.S. lawmakers rejected any planby Trump to ease restrictions on ZTE Corp., calling the company a security threat and vowing not to abandon legislation clamping down on the company.

[Yahoo News]

Cohen asked Qatari government for $1 million in exchange for access to Trump

President Trump‘s longtime personal attorney, Michael Cohen, reportedly offered Qatari government officials access to the president in exchange for at least $1 million.

The Washington Post reported that Cohen sought the arrangement in December 2016, around the time Qatari officials visited Trump Tower to meet with former Trump national security adviser Michael Flynn.

Cohen did not attend those meetings, but reportedly spoke about the arrangement with Qatari investor Ahmed Al-Rumaihi, the Post reported. Qatar declined the offer, according to the Post.

Michael Avenatti, the attorney for adult-film star Stormy Daniels, first made Al-Rumaihi’s connection to Cohen public in a tweet last weekend.

“Why was Ahmed Al-Rumaihi meeting with Michael Cohen and Michael Flynn in December 2016 and why did Mr. Al-Rumaihi later brag about bribing administration officials according to a sworn declaration filed in court?” Avenatti tweeted.

Al-Rumaihi confirmed through a spokesperson on Tuesday that he attended meetings at Trump Tower in 2016. Al-Rumaihi said he was not a part of the meetings with Flynn.

Cohen’s reported attempts to broker a deal with Qatar follow recent revelations that multiple companies paid him in exchange for insights and access to the Trump administration.

Swiss drug company Novartis and AT&T have both acknowledged they paid Cohen for advice on how to approach the Trump administration on particular issues. Officials from both companies have called the arrangement “a mistake.”

[The Hill]

Trump nominates homophobic former Family Research Council chief to board of ‘religious freedom’ crusaders

It was announced Tuesday that President Donald Trump nominated Gary Bauer to be the latest member of the Commission on International Religious Freedom.

Bauer once led the Family Research Council, the anti-LGBT organization that advocates that homosexuals are harmful to society. The group has even been labeled a hate group by the Southern Poverty Law Center.

Before that, Bauer was known for his opposition to having an LGBT advisor to former President Ronald Reagan’s Commission on the HIV/AIDS Epidemic in the 1980s.

“Millions of Americans try to raise their children to believe that homosexuality is immoral,” he wrote in a 1987 memo. “In many states homosexual practices are illegal, including sodomy. For you to appoint a known homosexual to a Presidential Commission will give homosexuality a stamp of acceptability. It will drive a wedge between us and many of our socially conservative supporters.”

Candidate Donald Trump boasted of his support for LGBT Americans during the 2016 campaign.

“Thank you to the LGBT community! I will fight for you while Hillary brings in more people that will threaten your freedoms and beliefs,” Trump even wrote in a June, 2016 tweet.

[Raw Story]

US allies furious that Trump couldn’t be bothered to read a 5-page document they prepared for him

Top American allies in Europe are reportedly upset that President Donald Trump tore up the Iran nuclear agreement without even engaging with their concerns about taking such actions.

The Washington Post reports that the United Kingdom, France and Germany had spent the past several months trying to negotiate with the U.S. State Department about a restructured version of the Iran nuclear deal that would address some of Trump’s stated concerns about the agreement.

Even though the sides were reportedly close to an agreement in April, Trump decided to tear up the pact anyway, much to European leaders’ annoyance.

To make matters worse, the Post reports that French President Emanuel Macron, German Chancellor Angela Merkel and British Foreign Minister Boris Johnson all believed Trump hadn’t even bothered to understand their concerns.

“When Macron, Merkel and Johnson traveled to Washington in the days and weeks before Trump’s announcement, all came away with the feeling Trump had not read the five-page document they had prepared and perhaps was even unaware of the effort,” the publication reports. “In Brussels, where the E.U. is headquartered, many are skeptical that any further discussion is possible with the United States.”

Trump contradicts himself in a single tweet about leaks he claims are fake news

President Donald Trump went off on the “fake news” that claims leaks are coming out of the West Wing of the White House. First, he called it fake news, and then he denounced the leaks that were coming out.

“The so-called leaks coming out of the White House are a massive over exaggeration put out by the Fake News Media in order to make us look as bad as possible. With that being said, leakers are traitors and cowards, and we will find out who they are!” Trump tweeted Monday.

White House press secretary Sarah Huckabee Sanders was bothered by the leak of the comment top aide Kelly Sadler made about Sen. John McCain (R-AZ). It has been reported that the communications department is searching for the leak.

When it was revealed that first lady Melania Trump underwent a procedure Monday on her kidney, pundits remarked that no one knew the procedure was coming. They compared the leaks in the East Wing, the first lady’s office, to the sieve in Trump’s West Wing.

[Raw Story]

For-profit college fraud investigations scaled back under Betsy DeVos

A Department of Education team that had looked into fraud and abuse by for-profit colleges has been dismantled to the point that it has “effectively killed investigations” into institutions where top hires of Education Secretary Betsy DeVos once worked, The New York Times reported Sunday, citing current and former employees.

The team has gone from about a dozen lawyers and investigators looking into advertising, recruitment, and graduate employment claims of several institutions at the end of the Obama administration to just three team members today, the Times reported. Current and former employees, including former team members, said the team’s mission has been reduced to processing student loan forgiveness applications and examining smaller compliance cases, the newspaper said.

An investigation into DeVry University, now known as Adtalem Global Education, “ground to a halt early last year,” and later, over the summer, DeVos picked Julian Schmoke, a former dean at the school, to be the team’s supervisor, the Times reported.

Meanwhile, probes into for-profit education companies Bridgepoint Education and Career Education Corp. also “went dark,” the newspaper said. The Times reported that former employees of those institutions are working for DeVos as well, including Robert S. Eitel, a former Bridgepoint attorney who is now her senior counselor, and Diane Auer Jones, a former Career Education employee who is now a senior postsecondary education adviser at the department. The department’s recently confirmed general counsel, Carlos G. Muñiz, provided consulting services to Career Education, the newspaper said.

[CNN]

Bolton: U.S. sanctions ‘possible’ on European firms over Iran

White House National Security adviser John Bolton on Sunday said U.S. sanctions on European companies that do business with Iran were “possible, but Secretary of State Mike Pompeo said he remained hopeful Washington and its allies could strike a new nuclear deal with Tehran.

Bolton’s comments, in an interview with CNN’s “State of the Union, struck a more hawkish note than Pompeo’s, who was interviewed on “Fox News Sunday.”

U.S. President Donald Trump on May 8 announced that the United States was withdrawing from a 2015 deal negotiated by the Obama administration.

So far, China, France, Russia, the U.K., EU and Iran remain in the accord, which placed controls on Iran’s nuclear program and led to a relaxation of American economic sanctions against Iran and companies doing business there.

Bolton, asked whether the United States might impose sanctions on European companies that continue to do business with Iran, told CNN: “It’s possible. It depends on the conduct of other governments.”

Pompeo said he was “hopeful in the days and weeks ahead we can come up with a deal that really works, that really protects the world from Iranian bad behavior, not just their nuclear program, but their missiles and their malign behavior as well.”

Washington’s withdrawal from the Iran deal has upset European allies, cast uncertainty over global oil supplies and raised the risk of conflict in the Middle East.

This week, Israel and Iran engaged in an extensive military exchange on the heels of Trump’s decision to leave the deal. On Saturday, French President Emmanuel Macron told Trump in a telephone call that he was worried about stability in the Middle East, according to Macron’s office.

Bolton would not respond directly when asked whether Trump might seek “regime change” in Iran, or whether the U.S. military would be ordered to make a preemptive strike against any Iranian nuclear facility.

“I’m not the national security decision maker,” Bolton said, adding that Trump “makes the decision and the advice that I give him is between us.”

Bolton said Trump “has I think very clear policies, both with respect to North Korea and Iran. Those are the policies that we are pursuing.”

When pressed by CNN on whether the administration would sanction European firms, Bolton said, “I think the Europeans will see that it’s in their interest ultimately to come along with us.”

Bolton said Europe was still digesting the May 8 move by Trump.

“I think at the moment there’s some feeling in Europe – they’re really surprised we got out of it, really surprised at the reimposition of strict sanctions. I think that will sink in; we’ll see what happens then,” Bolton said.

[Reuters]

Media

https://www.independent.co.uk/news/world/americas/us-politics/us-sanctions-uk-europe-iran-business-trade-trump-john-bolton-a8349611.html

Trump working with Chinese president to help China’s ZTE ‘get back into business’

U.S. President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp “a way to get back into business, fast.”

“President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!” Trump wrote on Twitter.

The Chinese technology company earlier this month suspended its main operations after the U.S. Commerce Department banned American supplies to its business.

As one of the world’s largest telecom equipment makers, ZTE relied on U.S. companies such as Qualcomm Inc and Intel Corp for components.

[Reuters]

ZTE is banned from selling devices in the US because they violated our own sanctions and sold equipment to Iran. Remember, just this week Trump thought sanctions on Iran are so important he left the Iran deal to impose new sanctions on the country.

Do you realize how insane this is?

The company reached a settlement in March 2017 with the Commerce Department and Treasury Department for $1.19 billion and the promise to terminate several employees and punish others.

ZTE disclosed earlier this year that while it had gotten rid of several employees, the company hadn’t properly reduced the bonuses of some workers, or issued letters of reprimand. The inaction wasn’t consistent with a progress report ZTE issued in July. It’s because of those false statements that the Commerce Department decided to act.

Trump claims he saved almost $999,800,000 on US embassy in Jerusalem

President Donald Trump spent roughly 10 minutes of an hourlong speech Thursday night in Indiana telling the story of how he saved nearly $999,800,000 on controversial plans to move the US Embassy in Israel from Tel Aviv to Jerusalem — a claim he has made before in the months leading up to the facility’s opening on Monday.

The administration did announce plans in February to designate a US consular facility in Jerusalem as the US Embassy but the process of building a new permanent embassy in the city will take years.

After opening the embassy next week, the US will build out additional office space at the consular facility by the end of 2019. But that space, too, will be temporary as the US works to identify a site and build a permanent embassy in Jerusalem.

“In parallel, we have started the search for a site for our permanent embassy to Israel, the planning and construction of which will be a longer-term undertaking,” State Department spokeswoman Heather Nauert said in February.

But Trump once again failed to mention that distinction Thursday while telling the crowd that the US would spend only “$200,000 to $300,000” on the new embassy versus a $1 billion proposal he said he was initially presented with.

A State Department spokesperson told CNN on Friday that Nauert’s statement still stands but added that they have “started the process of site selection for a permanent embassy in Jerusalem and “are looking at all sites we currently lease or own.”

“We expect site selection, design, planning and permitting, and construction of a permanent embassy in Jerusalem to take seven to 10 years,” the spokesperson said, adding that it is too early to assess the likely cost.

Trump says he was asked to sign a $1 billion plan to build a new embassy nearly three months ago after announcing the US would recognize Jerusalem as the capital of Israel.

“So they walk up to my desk and they give me this beautiful folder and I’m supposed to sign. I said, ‘What is this?’ And I’m half signed. He said, ‘Sir, we are building an embassy in Jerusalem, sir.’ I said, ‘How much?’ ” Trump told the crowd on Thursday.

“They said — I kid you not — they said, ‘Sir, $1 billion,’ ” he said.

According to his recollection, Trump immediately stopped signing the proposal and called his ambassador to Israel, David Friedman, who said that rather than building the embassy on a new site, he could renovate a building already owned by the US, and do it for just $150,000.

“I said, ‘David, you can do that for $150,000. … You know what, spend $200,000-$300,000 — that’s OK too,’ ” Trump said.

The State Department confirmed Friday that the cost of the initial modifications that were made to the interim site, allowing it to open on Monday, was under $400,000.

“As the President stated, the cost of initial modifications made to permit the embassy to open on Monday was under $400,000. We are also planning for construction of a new extension at the interim site as well as for additional security enhancements, at an additional cost. We’re still assessing the final costs,” a spokesperson for the State Department told CNN.

“The Arnona building from which the Embassy will initially operate opened in 2010. It is the newest and most secure US facility in Jerusalem and Tel Aviv. It has provided, and will continue to provide, consular services to American citizens and visa applicants. Those will continue uninterrupted after the May 14 opening as part of the new US Embassy,” the spokesperson said.

Trump also touted the timing of the embassy’s opening, joking that if he had agreed to the original proposal for a new complex, he would need an “extension on the presidency” to see the project through.

“The new embassy, I said, ‘When is it going to be open?’ ” Trump recalled. “They said, ‘Anywhere between five to 10 years.’ So I said, ‘Unless they give me an extension for the presidency.”

“So they said five to 10 years, and you know when they say five to 10 years they really mean 15 to 20 years, right? So we open the embassy next week — three months. Three months!” he exclaimed.

This is not the first time Trump has omitted certain details regarding plans for a US Embassy in Jerusalem: He made a similar claim in March while sitting alongside Israeli Prime Minister Benjamin Netanyahu in the Oval Office.

“We’ll have it built very quickly. A lot of people wouldn’t be doing it quickly like that. We’re going to have it built very quickly and very inexpensively,” Trump said at the time when asked about plans for the new embassy.

“They put an order in front of my desk last week for $1 billion. I said, ‘A billion? What’s that for? We’re going to build an embassy.’ I said, ‘We’re not going to spend $1 billion.’ We’re actually doing it for about $250,000. So check that out,” he said.

“Now, it’s temporary but it’ll be very nice,” Trump quickly added, turning to a visibly chuckling Netanyahu and saying, “$250,000 versus a billion dollars … is that good?”

[CNN]

John Kelly defended separating children from their families at the border as a deterrent

Last week, White House Chief of staff John Kelly went on National Public Radio to make it clear that despite repeated bald-faced statements to the contrary, the Trump administration does not view immigrants as dangerous criminals. Regrettably, Kelly didn’t stop there. A second later, he defended the practice of separating children from their families at the border as a deterrent to illegal immigration. He then explained that the children torn from their mothers and fathers would be handled by “foster care or whatever,” a flippant phrase that betrayed the dismissiveness of not only Kelly but Jeff Sessions and the architects of the Justice Department program to the suffering of children.

The phrase was enough of a rhetorical roadblock that it prompted many to stop and further inspect the logic of the Justice Department program, which is being touted as a humane deterrent, which is an oxymoron. The program is designed to deter border crossings by presenting a profound threat to parents. It is fully intended to terrify. If it weren’t, it would not make sense as a program. The idea then that Americans should not see the separation as an act of retribution perpetrated against families, is ludicrous. For hardliners, the suffering of Guatemalan children might be an appropriate price for a secure border, but there’s little reason to think most Americans are sympathetic to that perspective. With the Pew Research Center uncovering a net outflow of migrants — more are leaving than coming in — America could afford a more humane approach.

Instead, the word of the day is “tough.” That’s John Kelly’s macho go-to. “It could be a tough deterrent — would be a tough deterrent,” he told NPR.

At one point in his interview Kelly, who is a father, evinced sympathy for migrants and acknowledged that they were heading to America for understandable reasons. He did not dive into the specifics of the violence families flee or the specific threats to children that exist in places like El Salvador, but he gestured in the direction of empathy. He publically faced the truth that these people are willingly staring down very long odds and will keep coming.

So, again, what is a “tough deterrent” but the promise of future violence, an assurance that America will not be safer for your children than wherever you started walking.

[Yahoo]

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