Huawei CFO to appear in Canada court in U.S. extradition case

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According to a statement obtained by the Richmond News from the Department of Justice Canada, Wanzhou Meng was arrested in Vancouver on December 1.

"The appropriate authorities took the decisions in this case without any political involvement or interference. we were advised by them with a few days' notice that this was in the works", Trudeau told reporters in Montreal.

Some element of calm was restored in Asia on Wednesday after supportive comments from Beijing - its first reaction to hopes a new trade agreement between the United States and China could be reached within a 90-day deadline. News of Meng's arrest provoked an immediate protest from the Chinese embassy in Canada, demanding the us and its neighbor "rectify wrongdoings" and free Meng.

The Chinese embassy in Canada responded to news of Meng's arrest by lodging stern representations against the U.S. and Canadian governments and calling for her immediate release.

In an incident similar to Meng's case, ZTE's chief financial officer was stopped at Boston's Logan Airport during the US investigation of that company, according to sources familiar with the case.

"The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms Meng".

Without providing any further detail, Bolton said that Huawei is a company that United States officials have been concerned about for a number of reasons.

Huawei also said in a statement that it was compliant with "all applicable laws and regulations where it operates".

A Huawei spokesperson said Meng faces unspecified charges in the Eastern District of NY.

China is confident they can reach a trade deal during the 90 days that Trump agreed to suspend USA tariff hikes, said a ministry spokesman, Gao Feng.

Huawei is the largest telecommunication equipment company and the world's second largest smartphone maker behind Samsung.

"You can play hardball with a small country but you can't do it with the US", he said.

It was also reported earlier this year that Huawei continued to sell network equipment to the Islamic Republic despite punitive financial sanctions. "U.S. President Donald Trump should rein in the hostile activities of some Americans who may imperil Sino-U.S. relations". The Globe and Mail newspaper, citing law enforcement sources, reported that Meng is suspected of trying to evade US sanctions on Iran.

The arrest drew an immediate and severe reaction from China, which demanded Meng be released immediately. Later, other sources claimed that the arrest had been made to investigate whether Huawei violated U.S. sanctions on Iran or not.

Meng's arrest has "potentially huge implications" for the trade war and signals the U.S. government is willing to get tough on Chinese companies that do business with Iran, according to Michael Every, head of Asia-Pacific research at investment bank Rabobank.

"One thing that is undoubtedly true and proven is the United States is trying to do whatever it can to contain Huawei's expansion in the world simply because the company is the point man for China's competitive technology companies", the editorial said. -China trade deal but would not necessarily damage the process. Other, less wealthy nations are concerned less about spying and more about low prices, which play to Huawei's advantage.

Mulroney said the Meng case has brought Canada and China to an inevitable reckoning in their relationship.

State-run tabloid Global Times said: "Obviously Washington is resorting to a despicable rogue's approach as it can not stop Huawei's 5G advance in the market".

Best Buy has even halted sales of Huawei devices completely in the U.S.

"China will be furious and look for means of punishing us, in part as an example for others", David Mulroney, a former Canadian ambassador to China, said Thursday.

Mr Bolton, in addressing the arrest in the NPR interview, stressed that the conduct of Chinese companies - and especially technology companies - is a central issue in the trade dispute with the US.

In exchange, ZTE agreed to pay a hefty US$1 billion (RM4.17 billion) fine and put an additional US$400 million in escrow in case of future violations.