John Bolton knew of Huawei arrest before Trump-Xi dinner

A Huawei logo is seen at a Huawei store at a shopping mall in Beijing Wednesday

A Huawei logo is seen at a Huawei store at a shopping mall in Beijing Wednesday

Canadian Prime Minister Justin Trudeau has defended the decision by Canadian authorities to execute a USA extradition request and detain a Huawei executive.

Huawei issued a statement saying Meng was changing flights in Canada when she was detained "on behalf of the United States of America" to face "unspecified charges" in NY.

A month later, Washington and Beijing reached a deal that would strike ZTE from the sanctions list - just days after China reportedly offered to ramp up purchases of American goods to help cut the yawning trade imbalance with the US. China's embassy in Canada has described the actions as having "seriously harmed human rights".

The Chief Financial Officer of Huawei Technologies has been arrested in Canada.

Dean Garfield, president of the U.S. Information Technology Industry Council trade group, said innovation by U.S. companies often depends utterly on product development and testing by Chinese partners, not to mention component suppliers. "Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, US and European Union".

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

However, according to the Globe and Mail, she was arrested on suspicion she violated US trade sanctions against Iran.

Huawei is the world's biggest maker of equipment for cellular towers and Internet networks, and the company is the world's second most popular smartphone brand.

China, Russia and Saudi Arabia are among the countries with no US extradition treaties.

In January 2013, Reuters reported that Hong Kong-based Skycom Tech Co Ltd, which attempted to sell embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator, had much closer ties to Huawei than previously known. "U.S. President Donald Trump should rein in the hostile activities of some Americans who may imperil Sino-U.S. relations".

"China is working creatively to undermine our national security interests, and the United States and our allies can't sit on the sidelines", said US Senator Ben Sasse in a statement linking the arrest to US sanctions against Iran. Mark Warner, D-Va., and Marco Rubio, R-Fla., wrote in October to Canadian Prime Minister Justin Trudeau.

Beijing has asked Washington and Ottawa to "immediately release the detained person" and explain the reason for her arrest, said a foreign ministry spokesman, Geng Shuang.

'Enough evidence to charge Benjamin Netanyahu': Israeli police
It is claimed Netanyahu and his advisers supported regulations worth hundreds of millions of dollars to telecom company Bezeq. Former journalists at the Walla news site have attested to being pressured to refrain from negative reporting of Netanyahu.

It is believed her arrest is part of a U.S. Justice Department probe into possible violation of sanctions against Iran.

Meng's arrest has "potentially huge implications" for the trade war and signals the United States 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.

A Huawei spokesman declined to comment on Thursday and said that Wednesday's statement still stands.

The Dow dropped 700 points early Thursday after the Canadian arrest of a Chinese tech executive threatened to inflame trade-war tensions.

The arrest sends clear signals that the road to smooth the relationship between China and U.S is far from smooth.

The company has embraced emerging markets in Africa, India and other places, making more than US$100 billion revenue this year and has overtaken Apple as the second-largest smartphone manufacturer without even having access to the USA market, he said.

What are the concerns with Huawei?

The company's yearly financial report says the earnings come in equal part from business inside and outside the country.

"Public opinion in China will likely become more negative in respect to the trade war, and potentially against USA companies", Deutsche Bank analyst Zhiwei Zhang said on Thursday.

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.

ZTE agreed to pay a $1 billion fine and replace its entire board of directors.

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