Chapter 291 The First Fire!
Chapter 291 The First Fire!
Bryson instantly regained his senses.
But his movements were noticeably slower by a few seconds, his eyes darted around, and he even missed the name of the Chinese Ministry of Commerce when flipping through the phone book...
After two or three attempts, he finally found the number for the savior class.
"Please pick up Minister Chen for me. It's urgent..."
After the call connected, Bryson took a deep breath, trying to keep his tone calm so the other person wouldn't panic.
But as soon as the words left his mouth, his momentum instantly diminished.
"Minister Chen, isn't China's investigation a bit too hasty? We can sit down and talk."
Hearing the urgent voice on the other end of the phone, Minister Chen remained calmly seated, waiting for the other party to leave for a while.
"Mr. Bryson, was the US's sanctioning of Transsion rushed? They added it to the Entity List without warning, did they even consult with China?"
Bryson understood their unspoken meaning: this matter was not rushed at all; this was China's reciprocal countermeasure against the United States.
Since that's the case, then it's actually easier to talk.
However, the lofty and superior United States does not allow such a simple bowing down.
"The matter of Transsion was something we considered carefully. Huaxin Investment made trillions of dollars in the United States by using insider information, which is the result of our four-year investigation."
Moreover, there is another force behind this that has poached a lot of resources from the United States; this is absolutely true.
However, we can reassess the situation regarding Motorola.
Upon hearing this, Minister Chen's smile widened even more. Insider trading?
Others may not know why the financial crisis happened, but surely the Americans do?
I've never technically worked on that, and as for the other big fish... of course, that has nothing to do with China.
Minister Chen felt slightly guilty and quickly said...
"Alright. Let's lift the sanctions against Transsion and Huaxin first. By the way, Motorola has already been sold, and next we'll open up import channels for Transsion."
Then, China can temporarily suspend the investigation.
"Withdrawal will take time, and Motorola was taken over by Chinese capital, so they didn't lose too much. As for importing Transsion..." Bryson hesitated, "Even a shell company is this powerful, a fully-fledged version coming in... We need to reassess the Transsion issue..."
However, we can guarantee that Motorola will be released.
"Then we also have time," Minister Chen interrupted him. "What's wrong with everyone?"
"The peak season for American soybean exports is just around the corner, Mr. Bryson. Go back and ask the legislators in the agricultural states; they can wait."
After saying that, Minister Chen hung up the phone immediately.
After hanging up the phone, Bryson sat on the bed for a long time without moving.
China's move was ruthless!
Semiconductors are a key industry for the United States, but agriculture is the political lifeline of the United States.
Legislators in agricultural states are a group that neither party dares to offend. If soybeans don't sell, these legislators will go crazy.
As for whether China's cessation of imports will have an impact...
They learned their lesson in 2004, and they still remember it.
…………
That morning, the White House held an emergency meeting.
Bryson reported the situation, and after listening, Obama grew increasingly disgusted with those hawkish representatives.
Are they out of their minds to sanction a company that doesn't rely on the American supply chain at all?
Now, Huaxin Technology, this financial behemoth, can't get in, but they can't sell their soybeans either.
The legislators from the agricultural state will definitely come here first and then tear "it" to shreds.
Those idiots!
Everyone knows that this is retaliation from China, a blatant act of revenge.
Just as Obama was trying to come up with a solution, his trade advisor said, "Mr. President, lawmakers from agricultural states have started making calls."
A senator from Iowa said that if soybean exports are hampered, they will initiate a vote against you in Congress, adding that voters in agricultural states will stand with them.
Obama panicked; he was now expected to bear the consequences of the fools' actions.
After all, the voting period is about to begin. It's the end of September now, and voting will start in October. He has to resolve this matter within two months!
China has been ruthless this time!
"First, lift some of the sanctions, let China suspend the investigation, and delay things for a while."
"Partial sanctions."
"Yes. Motorola has been sold, Transsion has backed down, and we've backed down too."
Transsion mobile phones can be imported into the United States, but relevant regulations must be followed.
However, Huaxin Technology cannot be removed from the Entity List. Those people want to release all the assets they want to freeze, but it is recommended that other American capital use the same resources.
I know that many of those people are valuable assets of China, but... this matter cannot be delayed. If I am not re-elected, their lives will not be easy either.
I told them I was very angry about this.
Bryson lowered his head, feeling that he shouldn't be there, otherwise he wouldn't have heard these things he shouldn't have heard.
"Mr. President, what if Huang Tianya and his group disagree?"
"Then that has nothing to do with us. We have already presented a very sincere solution."
In short, Huaxin Investment must not set foot on the US stock market again.
Although the two sides still have differing opinions on other aspects, they agree on banning Huaxin Investment.
"I'll take care of it right away."
……
When the news reached China, Shen Fei was still on the phone with Zhang Shiqing.
Li Qing pushed the door open and came in.
"Boss, the Americans have backed down. They've allowed Transsion to enter the American market through negotiations, and the ban on Motorola has been lifted."
Shen Fei repeated the message to the person on the other end of the phone, then asked, "Anything else?"
"Nothing else was touched."
"Then it's useless, Motorola has already been sold."
Huaxin Investment is the most important thing; they can just remove something useless to get away with it.
"Dad, call Minister Chen again. America's sincerity isn't enough."
Removing Motorola's restrictions and allowing Transsion phones to be sold is not enough.
Zhang Shiqing laughed on the other end of the phone: "Don't worry, Minister Chen knows what he's doing."
…………
On September 30, just days after announcing the investigation, the Ministry of Commerce played another card.
The United States filed a lawsuit with the WTO, accusing it of violating most-favored-nation and national treatment rules.
The WTO's dispute settlement mechanism was activated very quickly.
An expert panel was established within three days and a week. This speed is extremely rare in the history of the WTO, indicating that other countries have also become fed up with the United States' long-arm jurisdiction and have chosen to join the group.
The lawsuit filed by China is 300 pages long.
The core argument is this: the United States' Entity List system lacks clear legal basis, is highly arbitrary, discriminates against Chinese companies, and violates the WTO's non-discrimination principle.
What's even more troubling for the United States is that its allies, such as the European Union, Japan, and South Korea, have all sided with China!
My underlings have betrayed me too!
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