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.
Source: FS – Phones
U.S. Gov't Sets Sights on Huawei for Violating Iran Sanctions