A new trade spat looms between the US and China after it emerged that Canadian authorities, at the demand of the US state department, recently arrested the Huawei CFO in Vancouver for breaching the Iran sanctions the White House administration installed. The hiccup could seriously derail US-China trade relations.
Extradited
Canada arrested the financial director of the Chinese telecom company Huawei. The woman will be extradited to the US because Huawei presumably violated US sanctions against Iran. Ms Meng Wanzhou is the daughter of Huawei founder Mr Ren Zhengfei and sits on the board as vice-chairman.
Related coverage:
Ultimate Trolling - Huawei Hands Free Powerbanks To Apple Customers Awaiting New iPhone.
She was arrested on 1 December in the Canadian city of Vancouver and is now waiting for her hearing to take place on Friday. She risks extradition to the US, said spokesman Ian McLeod of the Ministry of Justice in a press release. "The US is interested in her with a view to extradition, a hearing is planned for Friday. Since there is a publication ban, we cannot give further details at this time. Ms Meng has requested the ban herself."
US authorities have been carrying out research into Huawei's activities since 2016, after it became apparent that the company shipped products of American origin to Iran and other countries. However, this is in violation of American export laws and sanctions.
Threat to US supremacy
The Trump government views Huawei as a threat to the US supremacy in the race for the future of mobile communications, the Wall Street Journal reported back in April of this year. For example, the Trump Administration has pressured Canada and other allies not to use Huawei technology in their new 5G telecom networks.
In the meantime, a spokesperson for the Chinese Embassy in Canada has responded and said that his country is "violently opposed and protesting" against the arrest of the Huawei CFO. "Ms Meng has not violated any US or Canadian law," the spokesman said in a press release. "China has filed a protest with both the US and Canada, asking to immediately undo this wrongdoing and to release Ms Meng."
US President Trump has threatened to raise tariffs on Chinese goods in response to complaints that Beijing improperly pressures foreign companies to hand over technology. This threat is widely seen as part of a broader effort by Washington to respond to intensifying competition with Chinese technology industries which the White House administration claim benefit from improper subsidies and market barriers by the Beijing government.
Just last month New Zealand blocked Huawei from rolling out 5G mobile coverage over national security fears, following scrutiny of the firm by the UK, Japan and others. China reacted with great anger to the news.
Source:
https://www.theglobeandmail.com/canada/article-canada-has-arrested-huaweis-global-chief-financial-officer-in/
Follow me on Twitter!
@SteveDellar
Follow me on Gab!
@SteveDellar
Be Sure To Share Our Articles!
The Goldwater Proudly Supports 8ch.net
The Huawei CFO arrested in Canada at the behest of American authorities isn’t an ordinary senior executive
NO! SHE IS AN ORDINARY LAW BREAKER. HER STATICE DOESNT MEAN SHIT. THESE SELF ENTITLED SHITHEAD ELITES NEED TO LEARN THEY ARE NOT ABOVE THE LAW!!! AND THE WALL STREET JOURNAL IS AN ASSWIPE RAG!!! LL THEY SEE ARE DOLLAR SIGNS AND LOSSES. YOU CANT TRUST MONEYMONGERS FOR TRUTH. EVER!!!