Trudeau denies involvement in Huawei arrest

Trudeau denies involvement in Huawei arrest

Trump has threatened to raise tariffs on Chinese goods in response to complaints that Beijing improperly pressures foreign companies to hand over technology. That's an open question at this point-but either way, it could not be more tumultuous in effect. "It certainly raises concerns about the future of talks.this is certainly another step-back in the ongoing trade negotiations".

Whether Beijing was informed of the arrest before or after the dinner, they did know about it before they issued later statements indicating that trade talks were moving forward, a clear signal that the arrest had not derailed the trade talks. The CFO's arrest could be regarded back home as an attack on one of China's foremost corporate champions.

Speaking at a press conference, Shuang responded to allegations that Meng's arrest had to do with Chinese intelligence services being suspected of involvement in the hacking of the USA hotel group Marriot, saying that he was "not aware" of the situation. "The US has identified that China has found a backdoor to enter the US market through venture capitalists and private investors but those are also now shutting down gradually".

"China has the means, opportunity, and motive to use telecommunications companies for malicious purposes", a government report said. "They may have on paper independence, but if the Chinese government asks them to do something, they have to do it, by law". "This company is a national champion, and the daughter of the founder, who is the CFO, it doesn't get any tighter with the leadership of the elite than this".

Huawei has clarified from their end that she faces unspecified charges in the NY.

China urged Canada and the USA to "clarify" the reason for Meng's arrest and demanded her release.

Meng "was arrested in Vancouver on December 1", a statement by Canada's ministry of justice said.

In a statement, Huawei said it has no knowledge of any wrongdoing by Meng. "Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws". Is the timing of the arrest deliberate?

The arrest wasn't made public until late Wednesday. But he called it a judicial matter and said politics had nothing to do it.

At least one foreign company has also complained about China threatening arrests in an attempt to secure a meeting with a top executive.

"They're not going to look at the legality of it", he added.

London share prices PLUMMET amid US-China trade war fears — FTSE latest
American farmers have been hit hard by China's retaliation on U.S. farm goods, especially soybean exports, which have plummeted. Seven of the top 10 auto models manufactured in the US and exported to China previous year were made by BMW and Mercedes-Benz.

The White House says Trump and his close aides were not aware the United States planned to place an extradition request for Meng ahead of his dinner with Xi on Saturday.

Why is Huawei a concern to the West?

In October the New York Times revealed that US President Donald Trump has been repeatedly warned by his top aides to stop using his personal iPhone, due to its vulnerability to being hacked by Chinese and Russian spies. The Trump administration says they benefit from improper subsidies and market barriers.

China's foreign ministry urged Canada and the USA to "clarify" the reason for Meng's detention.

"The company believes the Canadian and US legal systems will ultimately reach a just conclusion".

Huawei derives around half of its revenue from supplying equipment to telecoms carriers around the world.

Meng Wanzhou was detained at Vancouver airport on Saturday on an extradition request from the US.

Asked whether he had spoken to the Chinese premier or the ambassador, Trudeau said he has had no conversations with global counterparts about the case.

"China's discussed these things with the United States many times down through the years and the results have not been very good".

Jones happened to be presenting his office's first report assessing cyber security threats. The report follows a decision by the United States this year to ban government purchases of Huawei gear. "Would not want to be a Canadian business leader in China right now".

There has always been concern that Huawei is not that separated from some of the Chinese security apparatus and there are suggestions its equipment could be used for spying.

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