China's Huawei finance chief arrested in Canada, faces extradition to US

07 December, 2018, 09:47 | Author: Kevin Carter
  • The reason for Wanzhou Meng's arrest was not immediately

Dow futures slide after the arrest of Huawei CFO Meng Wanzhou in Canada; Doug McKelway reports from the White House.

"The appropriate authorities took the decisions in this case without any political involvement or interference ... we were advised by them with a few days' notice that this was in the works", Mr Trudeau said.

A month later, Washington and Beijing reached a deal that would strike ZTE from the sanctions list - just days after China reportedly offered to ramp up purchases of USA goods to reduce the trade imbalance with the US.

"The Chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim", the embassy said in a statement.

The Chinese government said Meng had broken no USA or Canadian laws and demanded Canada "immediately correct the mistake" and release her.

"So not respecting this particular arrest, but Huawei is one company we've been concerned about", he said.

The Virginia Democrat said in a statement on the arrest that there's "ample evidence" to suggest Huawei is not independent of the Chinese government and Communist Party.

A user of China's Twitter-like Weibo platform said Chinese should boycott products made by USA tech giant Apple Inc and instead buy Huawei products to show support for one of China's national champions. Huawei has said it complies with all laws and rules where it operates, including export controls and sanctions of the United Nations, the USA and European Union.

A spokesman for the U.S. justice department in the Eastern District of NY - which Huawei said had brought the charges - declined to comment.

Senator Ben Sasse earlier linked Meng's arrest to U.S. sanctions on Iran, which Trump is trying to squeeze economically after withdrawing from a denuclearization deal.

Despite being essentially barred from the critical U.S. market, Huawei surpassed Apple to become the world's number two smartphone maker in the second quarter of this year and has market leader Samsung in its sights. Either way, this is a huge escalation in the current turmoil between China and the US.

More news: Bush Family Does Not Want Repeat of McCain Funeral

Last month, New Zealand blocked a mobile phone company from using Huawei equipment, saying it posed a "significant network security risk".

"This reminds the Chinese, and ourselves, that we are part of an global order backed by the U.S". A Canadian Justice Department spokesman acknowledged Wednesday that law enforcement took her into custody at the request of the US, which is seeking her extradition for allegedly violating its sanctions on Iran.

Canadian authorities said Wednesday that they have arrested Meng for possible extradition to the United States.

Thus, the arrest of Meng - which apparently had been planned through coordination by both Canadian and USA authorities - was seen by many hawkish Chinese analysts as a sign that the US government does not really intend to suspend aggressive actions against China.

The Wall Street Journal in April reported that the US Department of Justice had opened an investigation into suspected breaches of Iran sanctions by Huawei.

The arrest comes at a sensitive time for US-China relations.

"I imagine that some Chinese are going to see this as the equivalent of a hostage-taking", he said. It remains privately held and describes itself as employee-owned, though its ownership structure is unknown.

Meng's arrest has "potentially huge implications" for the trade war and signals the United States government is willing to get tough on Chinese companies that do business with Iran, according to Michael Every, head of Asia-Pacific research at investment bank Rabobank.

"It really speaks to the depth of the Chinese concern in their economies and their desire to get the US-China relationship back on a more even keel", said Elizabeth Economy, a senior fellow at the Council on Foreign Relations.

"The Chinese are likely to play tit for tat on this one and we should be ready for it", said Fen Hampson, the director of the global security program at the Centre for International Governance Innovation based in southern Ontario.

Recommended:



Popular

Ballon d’Or 2018: Journalist alleges major mistakes in voting list
Modric , who attracted interest from Inter at the start of the season, said: "I have two years left and hopefully one more". Little did she know that her biggest day was about to be marred by an inappropriate comment.

South's military: North Korean soldier defects to South
The president tells reporters that there are three sites under consideration, but he's not identifying them. President opens up on North Korea , Pakistan, Turkey and Saudi Arabia.

'Zero' doubt Saudi crown prince directed Khashoggi murder: GOP senators
Tuesday's court application says there is "strong suspicion" the two aides were involved in planning the killing. A team of 15 Saudi agents, allegedly sent by Qahtani, assassinated Khashoggi at the Saudi consulate in Istanbul.

Service dog accompanies Bush on final farewell
On Thursday, Bush's casket will travel back to Houston, where he will be memorialized at St. Martin's Episcopal Church and eulogized by his grandson, Texas Land Commissioner George P.

He Has To Decide - Pep Guardiola Puts Ball In Brahim Diaz's Court
And one huge omission from the entire squad was striker Aguero, with Guardiola revealing he had a "muscular disruption". Who will come out on top in the battle of the managers Javier Gracia or Josep Guardiola? I didn't know that.

Qualcomm Unveils Snapdragon 855 Processor for 5G Phones
More information on the Snapdragon 855 should be released over the next few days during the Snapdragon Technology Summit. The Snapdragon 855's performance is three times better than its predecessor, the Snapdragon 845.

Friends to be removed from Netflix library come January 1
With winter in full swing in Canada, there's no better time to curl up and start re-watching all ten seasons for the 50th time . After that, however, the show's Netflix fate is unknown.

Comey challenge to House subpoena goes to court
Comey may not condition his cooperation with a congressional investigation on the presence of television cameras", Hungar wrote. Judge Trevor McFadden scheduled a 2 p.m. hearing on the motion for November 30.

Israel denies one of its fighter jets was downed
The side behind the attack is not yet clear, but Israel has repeatedly targeted military positions in Syria, including in Kisweh. Another Syrian news agency claimed that the sites belonged to Iranian militias, but this report is yet to be confirmed.

Trump Suspends Adding New Tariffs to Chinese Imports
Ahead of the G-20, the US planned to increase tariffs on $200 billion in Chinese goods from 10% to 25%, effective January 1. Chinese President Xi Jinping (R) meets with his USA counterpart Donald Trump in Buenos Aires , Argentina , Dec. 1, 2018.