Canadian press report Wanzhou Meng (chief financial officer of China's Huawei Technologies) was arrested
- facing extradition to the United States
- on suspicion she violated U.S. trade sanctions against Iran
Adam with the breaking news before this post ICYMi
Huawei … wow …. the company is facing an uphill battle … battles, recent posts on various countries banning products
- New Zealand government blocks Huawei equipment ... national security cited
- US govmt urges allies to avoid using China's Huawei products
- Australia bans China's Huawei from participating in mobile network infrastructure build
With the focus on US - China relations on trade (and more) there are wider implications for currencies of this arrest … a negative input for 'risk' currencies and a positive for yen. This is indicative of continued US-China tensions, these are not going away any time soon.
