International Incident?

David Mulroney, a former Canadian ambassador to China, said China could retaliate against US and Canadian executives.
David Mulroney, a former Canadian ambassador to China, said China could retaliate against US and Canadian executives.

China on Thursday demanded Canada release a top executive at a Chinese technology firm — the daughter of the company’s founder — developments that could complicate the already high tensions over trade between Washington and Beijing and further roil global markets.

Meng Wanzhou, the chief financial officer of Huawei Technologies and a member of its board, was arrested in Vancouver last Saturday at the request of US authorities.

She’s the daughter of the company’s founder, Ren Zhengfei.

“She is sought for extradition by the United States, and a bail hearing has been set for Friday,” Justice Department spokesman Ian McLeod said in a statement to The Globe and Mail on Wednesday. “As there is a publication ban in effect, we cannot provide any further detail at this time. The ban was sought by Ms. Meng.”

The newspaper, citing US sources, said Wanzhou, 46, was trying to evade sanctions the Trump administration placed on Iran.

In a statement, Huawei said Wanzhou was arrested while changing planes in Canada and faces “unspecified federal charges in the Eastern District of New York.”

China’s Ministry of Foreign Affairs on Thursday called on the US to release her and explain why she was detained.

[…]

See Also:

(1) North American stocks plunge in early trading amid China-U.S. trade talk worries

(2) US may use arrest of Huawei CFO Sabrina Meng Wanzhou to push China during Donald Trump and Xi Jinping’s trade war truce

(3) China demands clarity from US and Canada over arrest of Huawei CFO ‘for violating US sanctions on Iran’

(4) U.S. Nabbing Huawei Is the Dog That Caught the Car

(5) The Trouble With Huawei Will Spread

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