Unspecified charges? Wtf?
Huawei CFO extradition order was an independent act by the DOJ: Peter Navarro
"Wanzhou ,46, was arrested by Canadian authorities as part of an U.S. investigation into
an alleged scheme by Huawei to use a global banking institution to make illegal transactions involving Iran, Reuters reported.
:An overseer at HSBC Holdings flagged the suspicious transactions by the world’s largest telecom company.
"The arrest of the
Huawei CFO fueled trade concerns with a Chinese state-run newspaper claiming its 'declaration of war.'
"Navarro said the 90-day tariff truce between the world's two largest economies remains strong.
"'Is China going to follow through on all the structural changes it needs to make in order for them to be a good member of the international trading society? It remains to be seen,' he said."
National Security Threat?
Whoever ordered that arrest at the DOJ needs to hang for treason. This is serious business.
Huawei phones suck, but I guess they're adequate, and they do compete with Apple and Samsung, thereby lowering phone prices.
Huawei's CFO would be a valuable hostage in a trade war?
Everything We Know About the Arrest of Huawei’s CFO
"Despite the contentious arrest, Chinese officials still appear to be optimistic about the outcome of the negotiations.
"China’s Commerce Ministry said Thursday that it is
confident that Trump and Xi will be able to reach an agreement before the truce ends.
"However, reports suggest that Chinese officials are likely to believe that Meng was taken as a hostage in the trade war and are questioning whether the U.S. is negotiating in good faith.
"CNN
reports that the Trump administration is seeking extradition of Meng, and that some officials believe she could be used as leverage.
"The Economist
notes that the U.S. will have to maintain the brittle truce while also assuaging the aggravated Chinese and extracting concessions.
"The U.S. had been scheduled on January 1 to raise tariffs from 10 percent to 25 percent on $200 billion of goods imported from China, a plan that Xi averted by reaching the truce at G20 summit.
"Trump has previously
stated that he is willing to impose a 10 or 25 percent tariff on the rest of the $267 billion of Chinese imports if the negotiations do no turn out favorably for the U.S."