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Is the arrest of Meng Wanzhou related to these security concerns?. U.S. authorities have not disclosed circumstances surrounding Meng’s arrest, but a person familiar with the matter told Reuters the arrest relates to violations of U.S. trade sanctions best cufflinks in india uk online. Reuters published an investigation almost six years ago about her and Huawei’s ties to a company call Skycom that tried to sell Hewlett-Packard computer equipment to an Iranian mobile-phone operator, in contravention of those sanctions. (reut.rs/2SzlxPV)..
Wasn’t another Chinese company also accused of Iran sanctions violations?. Huawei’s smaller rival ZTE Corp pleaded guilty last year to conspiring to evade embargoes by selling U.S. equipment to Iran best cufflinks in india uk online. Earlier this year, the U.S. Commerce Department said ZTE violated the settlement and barred it from buying any U.S. components – a move that all but halted many ZTE operations. A new settlement was reached and the ban lifted at the behest of U.S. President Donald Trump, a perceived concession to Chinese President Xi Jinping that surprised and angered others in the U.S. government..
Are these issues related to the U.S.-China trade war?. The sanctions investigations long preceded the trade war. But the timing of the arrest tangles the issues as it came just as Presidents Trump and Xi reached a temporary trade war truce best cufflinks in india uk online. Financial markets turned negative on news of the arrest on fears it could scupper the truce. However, there is no evidence of it being a deliberate provocation by the U.S. rather than just an awkward coincidence. What might happen to Huawei now?. A ban on U.S. component purchases, such as the one temporarily imposed on ZTE, would be devastating, but there is no immediate reason to suggest that will happen. If the case prompts major European countries in particular to turn against the firm, that would have a long-term impact on its growth and influence..
HONG KONG (Reuters) – Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded. That was until her shock arrest in Canada at the request of U.S. authorities on Wednesday, a move that has entangled her in the protracted diplomatic tensions between Washington and Beijing. Her fate is now uncertain. A source familiar with the matter told Reuters the arrest stems from Huawei Technologies Co Ltd’s [HWT.UL] alleged violation of U.S. sanctions on Iran best cufflinks in india uk online. Similar allegations of breaching U.S. export restrictions led to rival Chinese telecoms equipment maker ZTE Corp being hit with a devastating ban and heavy fines this year..
Huawei said in a statement that it had been provided with little information “about the charges” against Meng, who is also one of the vice chairs of its board and the daughter of founder Ren Zhengfei from his first marriage. Huawei added that it was “not aware of any wrongdoing by Ms best cufflinks in india uk online. Meng”. The detention of Meng, who takes her family name from her mother and has also used the English first names “Cathy” and “Sabrina”, has once again thrown the spotlight on Huawei at a time of heightened global concerns over electronic security..