The Wall Street Journal reports that Canadian authorities have arrested the CFO of Huawei — who is also the founder’s daughter — at the request of U.S. authorities. The charge relates to alleged violations of U.S. sanctions on Iran. The U.S. government made a similar case against ZTE (Huawei and ZTE are both Chinese companies,) which at one point threatened ZTE’s entire global business. The government has already pressured U.S. companies and allied governments to stop doing business with Huawei over spying concerns. This new action against Huawei will likely affect the current administration’s on-again/off-again trade war with China. The executive, Meng Wanzhou, will be extradited to the U.S. and face a bail hearing on Friday.
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