[ad_1]
At the request of the United States, Canadian police arrested a Chinese leader, chief financial officer of the second-largest smartphone maker in the world.
Meng Wanzhou was arrested while conducting an air link in Vancouver, Canada. The US Department of Justice wants to extradite him to the United States.
Only the importance of Huawei would be enough to scare the world markets. But the shocking impact on the global stock markets has been fueled by fears that this case is undermining the truce in the US-China trade war.
Following the meeting of Donald Trump and Xi Jinping on Saturday (1), it was announced that the United States would suspend for 90 days new tariffs of 25% on imports expiring in January .
Markets reacted with relief, predicting that the dispute between the two largest economies in the world could evolve into a negotiated end. Meanwhile, the same day, the executive was arrested in Canada.
The news of the arrest was revealed only Wednesday night (5) and the world's major stock markets collapsed.
To date, neither the United States nor Canada has provided additional details on the arrest. But the world press has said the charges should violate the sanctions by sending US material to Iran.
But it is not today that the United States and other countries of the world are fighting against Huawei. The company has already been faced with lawsuits by competitors suspected of copying products.
US intelligence agencies say Huawei is linked to the Chinese government and its equipment could be used to spy on Americans.
The United States has never provided any evidence about this and the company has always denied the allegations.
Major US carriers stopped reselling Chinese equipment in 2018. Australia and New Zealand also banned Huawei from building 5G networks in countries.
The company stated that she was not informed of the reasons for her arrest and that the Chinese government sought clarification and that the executive power be released immediately.
Source link