A mere 72 hours after the Chinese government agreed to put a half-billion dollars into an Indonesian project that will personally enrich Donald Trump, the president ordered a bailout for a Chinese-government-owned cellphone maker.
“President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast,” Trump announced on Twitter Sunday morning. “Too many jobs in China lost. Commerce Department has been instructed to get it done!”
Trump did not mention in that tweet or its follow-ups that on Thursday, the developer of a theme park resort outside of Jakarta had signed a deal to receive as much as $500 million in Chinese government loans, as well as another $500 million from Chinese banks. Trump’s family business, the Trump Organization, has a deal to license the Trump name to the resort, which includes a golf course and hotels.
Trump, despite his promises to do so during the campaign, has not divested himself of his businesses and continues to profit from them.
The top counterintelligence agent in the country just testified that the phones created by this company pose a significant security threat here in the United States.
Courtesy of NBC News:
The nation’s top counterintelligence official told the Senate Intelligence Committee on Tuesday that penetration of the U.S. market by the Chinese telecom firm ZTE could pose a national security risk to the United States.
Bill Evanina, who is facing a confirmation vote to head the newly created National Counterintelligence and Security Center, said he was not up to speed on the sanctions against ZTE, and he declined to say whether lifting them would be a good idea.
But under questioning by Sen. Ron Wyden, D-Ore., Evanina said U.S. intelligence agencies are on record as assessing that Chinese telecommunication firms are used as a vehicle by the Chinese government to conduct espionage.
But hey, Donald Trump needs to make a profit so screw cybersecurity. Right?