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.
2018-11-13 12:30:00 Tuesday ET

President Trump promises a great trade deal with China as Americans mull over mid-term elections. President Trump wants to reach a trade accord with Chinese
2019-01-06 08:39:00 Sunday ET

President Trump signs an executive order to freeze federal employee pay in early-2019. Federal employees face furlough or work without pay due to the govern
2019-03-17 14:35:00 Sunday ET

U.S. trade rep Robert Lighthizer proposes America to require regular touchpoints to ensure Sino-U.S. trade deal enforcement. America has to maintain the thr
2019-12-22 08:30:00 Sunday ET

European Commission President Ursula von der Leyen now protects the European circular economy and green growth from 2020 to 2050. The new circular economy r
2023-11-30 08:29:00 Thursday ET

In addition to the OECD bank-credit-card model and Chinese online payment platforms, the open-payments gateways of UPI in India and Pix in Brazil have adapt
2020-09-11 10:22:00 Friday ET

AYA fintech network platform provides proprietary alpha stock signals and personal finance tools. In recent times, we have completed our fresh website up