2018-12-13 08:30:00 Thu ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
The recent arrest of HuaWei senior executive manager may upend the trade truce between America and China. At the request of several U.S. authorities, Canadian policemen detain HuaWei CFO Meng WanZhou in Vancouver. She now faces a bail trial at the British Columbia Supreme Court.
The U.S. and Canadian governments cannot specify what charges Meng faces in the meantime, but her arrest follows reports that the U.S. Justice Department might have to evaluate whether HuaWei has violated American economic sanctions on Iran. The U.S. authorities now seek her extradition. This sudden arrest angers the Chinese Xi administration and so raises new doubts about the fragile 90-day trade truce between China and America.
Stock market investors need to watch closely for additional fallout. HuaWei makes telecommunication gadgets and smart phones and now orchestrates 5G wireless telecommunication networks worldwide. Meng is the daughter of the founder of HuaWei, which is a national champion at the forefront of President Xi's efforts for China to be self-sufficient in strategic technologies. While the U.S. routinely asks allies to extradite drug lords, arms dealers, and other criminals, it is quite rare for U.S. allies to arrest a major Chinese tech executive.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-12-21 11:39:00 Friday ET
The Internet and telecom conglomerate SoftBank Group raises $23 billion in the biggest IPO in Japan. Going public is part of the major corporate move away f
2019-11-07 14:36:00 Thursday ET
America expects to impose punitive tariffs on $7.5 billion European exports due to the recent WTO rule violation of illegal plane subsidies. World Trade Org
2019-10-05 07:27:00 Saturday ET
Treasury Secretary Steven Mnuchin indicates that there is a good conceptual trade agreement between China and the U.S. in regard to intellectual property pr
2018-07-11 09:39:00 Wednesday ET
In recent times, the Trump administration sees the sweet state of U.S. economic expansion as of early-July 2018. The latest CNBC All-America Economic Survey
2019-09-05 09:26:00 Thursday ET
Yale macro economist Stephen Roach draws 3 major conclusions with respect to the Chinese long-run view of the current tech trade conflict with America. Firs
2020-08-12 07:25:00 Wednesday ET
Most sustainably successful business leaders make a mark in the world, create a positive impact, and challenge the status quo. Jerry Porras, Stewart Emer