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Top Huawei executive arrested on U.S. request, clouding China trade truce
Source: Reuters
BUSINESS NEWS DECEMBER 5, 2018 / 5:27 PM / UPDATED 27 MINUTES AGO
Top Huawei executive arrested on U.S. request, clouding China trade truce
Julie Gordon, Christian Shepherd
7 MIN READ
VANCOUVER/BEIJING (Reuters) - The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global stock markets as it threatened to inflame Sino-U.S. trade tensions afresh.
The shock arrest of Meng Wanzhou, 46, who is Huawei Technologies Co Ltd’s chief financial officer, raises fresh doubts over a 90-day truce on trade struck between Presidents Donald Trump and Xi Jinping on Saturday - the day she was detained.
Her arrest, revealed late on Wednesday by Canadian authorities, is related to U.S. sanctions, a person familiar with the matter said. Reuters was unable to determine the precise nature of the possible violations.
Sources told Reuters in April that U.S. authorities have been investigating Huawei, the world’s largest telecoms equipment maker, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws.
-snip-
Top Huawei executive arrested on U.S. request, clouding China trade truce
Julie Gordon, Christian Shepherd
7 MIN READ
VANCOUVER/BEIJING (Reuters) - The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global stock markets as it threatened to inflame Sino-U.S. trade tensions afresh.
The shock arrest of Meng Wanzhou, 46, who is Huawei Technologies Co Ltd’s chief financial officer, raises fresh doubts over a 90-day truce on trade struck between Presidents Donald Trump and Xi Jinping on Saturday - the day she was detained.
Her arrest, revealed late on Wednesday by Canadian authorities, is related to U.S. sanctions, a person familiar with the matter said. Reuters was unable to determine the precise nature of the possible violations.
Sources told Reuters in April that U.S. authorities have been investigating Huawei, the world’s largest telecoms equipment maker, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws.
-snip-
Read more: https://www.reuters.com/article/us-usa-china-huawei/top-huawei-executive-arrested-on-u-s-request-clouding-china-trade-truce-idUSKBN1O42S1
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