Top Huawei executive detained in Canada, angering China

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Huawei issued a statement saying Meng was changing flights in Canada when she was detained "on behalf of the United States of America" to face "unspecified charges" in NY.

"The appropriate authorities took the decisions in this case without any political involvement or interference. we were advised by them with a few days" notice that this was in the works, ' Trudeau told reporters in Montreal in televised remarks.

"The rapidly dwindling good-feeling towards the USA and China's vague trade war ceasefire turned actively hostile on Thursday, investors fearing that, 90-day truce or not, the relationship between the two superpowers might be about to take a turn for the worse". -China relations. Though Trump and Chinese President Xi Jinping announced a temporary truce in a tariffs war - with Trump agreeing to suspend US tariff hikes for a period - a more permanent resolution is nowhere in sight.

The Chief Financial Officer of Huawei Technologies has been arrested in Canada.

Today the Chinese government called for the release of Meng Wanzhou, an executive at Chinese electronics maker Huawei after she was arrested in Canada last weekend while transferring flights.

Dean Garfield, president of the U.S. Information Technology Industry Council trade group, said innovation by U.S. companies often depends utterly on product development and testing by Chinese partners, not to mention component suppliers.

Huawei also said in a statement that it was compliant with "all applicable laws and regulations where it operates". face unspecified charges in the Eastern District of NY, when she was transferring flights in Canada.

The company has reportedly been under investigation since 2016 for allegedly shipping products from the Iran and other countries in violation of US export and sanctions laws.

Huawei is one of the world's largest telecoms companies, and is the world's second-largest smartphone manufacturer behind Samsung. USA authorities seized a laptop that contained a "treasure trove" of evidence of ZTE's illegal business in Iran, one of the sources said.

Meng, 46, is deputy chairwoman of Huawei Technologies, one of China's telecom giants and a family business founded in 1987 by her former military-engineer father Ren Zhengfei.

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In October the New York Times revealed that US President Donald Trump has been repeatedly warned by his top aides to stop using his personal iPhone, due to its vulnerability to being hacked by Chinese and Russian spies. Meng was detained in Vancouver but is facing potential extradition to the US, which had earlier opened an investigation into whether Huawei sold equipment to Iran despite sanctions on exporting there.

Earlier this year, the United States said ZTE made false statements about disciplining some executives responsible for the violations and banned usa firms from selling parts and software to the company.

The Shanghai Composite index in China dropped 1.7% as the country's government demanded her immediate release. The Globe and Mail newspaper, citing law enforcement sources, reported that she is suspected of violating USA sanctions against Iran. Such requests must be made through the U.S. Department of Justice's Office of International Affairs (OIA). "China tension around geopolitics and techno-nationalism", he said of Meng's arrest. "We certainly don't inform the President on every one of them".

Several other past and present Skycom directors appear to have connections to Huawei.

Likewise, Rod Hunter, an global economic official in President George W. Bush's White House and a partner at law firm Baker McKenzie, said, "I'm skeptical that the Chinese are going to want to say 'uncle.' " US and Chinese officials are "trying to tackle a problem that is going to take years, maybe a decade, to resolve".

Meng's arrest comes as Ottawa and Beijing have been engaged in exploratory talks on a free trade agreement for the past two years, which would be the first deal of its kind between China and a western country.

Mulroney said Canada should be prepared for "sustained fury" from the Chinese and said it will be portrayed in China as Canada kowtowing to Trump.

The official, speaking on condition of anonymity, acknowledged that the arrest could complicate efforts to reach a broader U.S.

State-run tabloid Global Times said: "Obviously Washington is resorting to a despicable rogue's approach as it can not stop Huawei's 5G advance in the market". After ceasing major operations as a result, ZTE paid another $1 billion as part of a deal to get the ban lifted.