United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Huawei executive arrest clouds trade truce

Video Credit: Reuters Studio - Duration: 01:12s - Published < > Embed
Huawei executive arrest clouds trade truce

Huawei executive arrest clouds trade truce

The daughter of Huawei's founder and its top executive was arrested in Canada and faces extradition to the United States, stirring up fears of reigniting U.S. - China trade war.

Roselle Chen reports.

0
shares
ShareTweetSavePostSend
 

Huawei executive arrest clouds trade truce

U.S. and global stocks fell on the news of the arrest of Huawei's top executive, Meng Wanzhou.

Investors worried about fresh tensions between the United States and China over trade.

SUNY New Paltz professor, Sara Hsu, says the Chinese government sees Meng's arrest as a big insult and violation of human rights.

(SOUNDBITE) (ENGLISH) SUNY NEW PALTZ ASSOCIATE PROFESSOR & COMMENTATOR ON CHINESE ECONOMY, SARA HSU, SAYING: "This is really going to worsen the trade relationship between the U.S. and China.

And, you know, the relationship, in general, has been pretty fragile under the Trump administration.

So, I see this as something that could have a major setback on the trade negotiations, which are not really set in stone." Huawei is the world's largest telecoms equipment maker.

It's also a prominent part of the Chinese government's campaign "Made in China 2025," promoting Chinese products.

Meng is the daughter of Huawei's founder.

She also serves as the company's chief financial officer and is being groomed to become its chief executive.

The U.S requested her detention as she was changing planes in Canada on Saturday.

Sources told Reuters, her arrest is related to U.S. sanctions.

Authorities have been investigating Huawei since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export laws.




You Might Like


Recent related videos from verified sources

Pompeo Says Huawei CEO Lying Over Ties To China Government [Video]Pompeo Says Huawei CEO Lying Over Ties To China Government

Secretary of State Mike Pompeo said the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government. “The company is deeply tied not only to..

Credit: Wochit     Duration: 00:50Published

Huawei Founder Reportedly Expects Daughter To Go To Jail [Video]Huawei Founder Reportedly Expects Daughter To Go To Jail

The founder of Chinese tech giant Huawei is expecting that his daughter, CFO Meng Wanzhou, will see some jail time for allegedly violating US trade sanctions. Ren Zhengfei reportedly told China's..

Credit: Wochit     Duration: 00:54Published

Following Government Orders, Google Bans Huawei’s Access to Androids [Video]Following Government Orders, Google Bans Huawei’s Access to Androids

Google confirmed that it is restricting Huawei's access to Android licenses following an executive order from President Trump forbidding U.S. companies from purchasing goods from sources that could..

Credit: Cheddar Inc.     Duration: 02:25Published

Trump ban on foreign telecom gear targets Huawei [Video]Trump ban on foreign telecom gear targets Huawei

WASHINGTON, D.C. — The Trump administration made a move to enable a ban on Huawei gear, amid an escalating trade war between the U.S. and China. According to the New York Times, President Donald..

Credit: TomoNews US     Duration: 01:25Published

U.S. blacklists China's Huawei as trade dispute clouds global outlook [Video]U.S. blacklists China's Huawei as trade dispute clouds global outlook

On Wednesday the Trump administration hit Chinese telecoms giant Huawei with severe sanctions, adding a new incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin..

Credit: Rumble     Duration: 00:31Published

Trump's order against Huawei [Video]Trump's order against Huawei

After brief signs of abatement, the U.S.-China trade war now seems headed off the rails as assertions by U.S. intelligence agencies that Chinese tech giant Huawei poses a national security risk..

Credit: Rumble     Duration: 00:42Published

Trump's Order Against Huawei [Video]Trump's Order Against Huawei

After brief signs of abatement, the U.S.-China trade war now seems headed off the rails as assertions by U.S. intelligence agencies that Chinese tech giant Huawei poses a national security risk..

Credit: Wochit     Duration: 00:43Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.