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Canada has arrested Huawei’s global chief financial officer in Vancouver

By The Globe and Mail

Wanzhou Meng is facing extradition to the United States on suspicion she violated U.S. trade sanctions against IranRead full story

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  • Michael Cole
    Michael ColeSenior Fellow at Kohl Media Solutions

    My thoughts are if Canada still has trade relations with Iran, as does a good chunk of the world, how can Canada arrest her for violating the law? It would be like a Texas State Trooper arresting me for violating a California law against straws

  • Max Lockie
    Max LockiePlatform Editor at Quartz

    She's not just the CFO, she's the daughter of the founder.

    Apparently, it's over violating Iran sanctions, but I also can't help but think this is what hardball over trade and the future of connectivity looks like.

    Bill Bishop at Axios had this to say: "Expect investors to shoot first Thursday and dump shares of big Huawei suppliers, as they did with ZTE"

    Hope this doesn't make Americans in China more vulnerable...

  • Peter Repucci
    Peter RepucciAssociate at Riverstone Holdings

    This is a huge step, both in the context of Iran and the US China trade relationship. Is this the step that crosses the line? I can't imagine China takes this lightly. Then again, maybe it all just goes away behind the scenes...

    That said, I'm surprised Canada decided to involve itself. Maybe there's some geopolitical nuance I'm missing, but that seems like a risky decision with little to no tangible benefit to Canada (a better relationship with Trump? Yippee.)

  • You. Are. Kidding. Me. If this is how the US calms down the trade war with China, I don't want to know what will happen later. Do expect US citizens to be imprisoned in China over weird charges.

  • Apparently Wanzhou Meng is both the CFO and the daughter of Huawei’s founder.

    This move is definitely meant to have at least two desired audiences, China and Iran. Meng’s arrest and upcoming extradition are a salient example of how serious a stance the US is taking in regards to Iranian sanctions. Indeed that should also include the US’s assertive posture towards the future of those trying to swipe intellectual property.

    It appears like a classic carrot and stick approach. Seemingly good faith

    Apparently Wanzhou Meng is both the CFO and the daughter of Huawei’s founder.

    This move is definitely meant to have at least two desired audiences, China and Iran. Meng’s arrest and upcoming extradition are a salient example of how serious a stance the US is taking in regards to Iranian sanctions. Indeed that should also include the US’s assertive posture towards the future of those trying to swipe intellectual property.

    It appears like a classic carrot and stick approach. Seemingly good faith negotiations with the backdrop of taking legal action as well. To be fair, the US has used kid gloves with China for almost 30 years with little to show for it on IP, specifically.

    If the US and China are to create a comprehensive and lasting agreement to end the trade war, it will mean less than nothing if the US does not clearly demonstrate it will hold China’s feet to the fire. I have little doubt China will do the same in kind.

  • Does this put Americans abroad at risk - yes. But companies doing business in the US probably ought to take our sanctions seriously to avoid situations like this one. Sounds like she could be a potential repeat offender as well. Probably a hardball play with China as well, but we can’t avoid such a sweet 2-for-1 deal can we? Get your popcorn ready!

  • Kevin Wilson
    Kevin WilsonProject Manager at undisclosed

    Boo Canada! More EPIC BS from south of the boarder.

    Who the F does the US think they are telling the world who they can and can't trade with.

    Go F yourselves all the way off.

    Whoever had her arrested should be ashamed of themselves. I was hoping we learned our lesson assisting with multiple crimes against humanity perpetrated by the US "intelligence" services.

    Shame on us Canada.

  • Brett Forman
    Brett FormanFreelance Writer

    US intel agencies apparently weren’t playing when they said “No Huawei!” back in February.

  • William Wood
    William WoodOwner at William Wood

    The Administration warned our Allies about Huawei, seems one decided to help...

  • Ernie Sander
    Ernie SanderDirector of Platform Community at Quartz

    First Ghosn, now this. It's usually drug kingpins who become the focus of these international arrests and extraditions. I wonder if jailing executives is going to become a new part of the playbook with hairy trade disputes and business spats that spill over country lines.

  • This should make every westerner in China very very nervous...

    We need to revisit the concept of sovereignty in an ever globalizing world.

  • Allan Thomas
    Allan Thomas

    Hauwei has been banned from supplying 5G infrastructure to Australia and New Zealand due to fears of Chinese espionage, military or commercial

  • The trade battles with China hit another gear ...

  • A trading opportunity in the making.

  • Derrick Smith
    Derrick SmithFinancial Services

    Lock her up!

  • Imagine if China had the CFO of Google arrested.

  • Merv Layden
    Merv Layden

    How can other companies steal our technologies and get away with it . The Japanese did it years ago, why wasn’t anything done then!

  • Ryan Desjardins
    Ryan DesjardinsBespoke Solutions Consulting

    Scary times.

  • Yuni Wakamatu
    Yuni Wakamatu

    Pretty surprised that Canadian authority made a move since China is bigger capital contributor to Canada than U.K.

    What happend among U.S,Canada and China??

  • Miku Y. Kipling
    Miku Y. Kipling

    Sweep the cheaters out!!👏

  • Fq Ye
    Fq Ye

    I have to say that this action is selective law enforcement if you compare it with Deutsche bank’s money laundering case. There was raid to DB offices and huge penalties but no detention of executives like this. I believe Chinese government would consider this action unfair and political, and retaliate if she is not released quickly.

  • Ben Xie
    Ben Xie

    This is going very wild

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