Huawei’s chief financial officer Meng Wanzhou was released earlier this week on $7.5 million bail.
She will be monitored and wait at home in Vancouver for a deportation hearing. Meng is the daughter of the company’s founder. She was detained by Canadian authorities on December first.
That very night Chinese President Xi Jinping and U.S. President Donald Trump were having dinner in Buenos Aires at the G-20 Summit in an effort to defuse trade tensions.
Telecommunications giant Huawei is being investigated for violating American imposed sanctions on Iran. U.S. law enforcement agencies claim the detention of Meng Wanzhou is unrelated to the trade dispute, but President Trump said he would intervene if that helped the negotiations.
To discuss all of this:
- Paolo von Schirach is the president of the Global Policy Institute.
- Song Zhang is the Washington Bureau Chief for the Shanghai Wen Hui Daily.
- Chen Zhao is the chief global strategist for Alpine Macro.
- Ryan Patal is a global business executive and expert on trade.
WSJ survey finds economists see U.S.-China trade war as biggest threat in 2019 https://t.co/HTrcRDazWd
— Real Time Economics (@WSJecon) December 13, 2018
— China Xinhua News (@XHNews) December 13, 2018