Sunday October 20, 2019

December 2018 News

 

November News | January News

 

Trump and Xi Call Trade Cease-fire
Huawei CFO Arrested for Alleged Sanctions Violations

 

Trump and Xi Call Trade Cease-fire

On December 1, President Trump and President Xi met for a working dinner on the sidelines of the G20 summit in Buenos Aires. The two agreed to observe a 90-day “cease-fire” on tariffs, during which time officials from both countries will attempt to negotiate an end to the trade conflict. China agreed to resume purchasing American agricultural and energy products as well as temporarily reducing tariffs on American cars to 15%.

Despite unease surrounding the arrest of Huawei’s CFO in Canada, negotiations have continued and meetings are planned for January.

Read More:

BBCUS-China trade: Trump touts progress in talks for deal
SCMPUS-China trade war: a timeline from first tariffs to the 90-day truce
Wall Street JournalU.S. Maintains Hard Line as Details Emerge in Trade Truce With China
Washington PostTrump, a global loner, finds his China trade war complaints draw a crowd

 


 

Huawei CFO Arrested for Alleged Sanctions Violations

On December 1, Meng Wanzhou, CFO of Huawei, was arrested in Canada and is being held for extradition to the U.S. Meng has been accused of participating in a scheme to trick international financial institutions into transactions that violated U.S. sanctions against Iran through an alleged Huawei subsidiary. This greatly angered Chinese officials and the Chinese public.

On December 10, Michael Kovrig, a former Canadian diplomat, was arrested in China. Two days later, on December 12, Michael Spavor, an entrepreneur with connections to North Korea, was arrested. China’s foreign ministry reported that the two were “suspected of engaging in activities endangering national security.”

Read More:

CNN Huawei CFO Meng Wanzhou arrested in Canada, faces extradition to United States
Reuters
U.S., Canada call on China to release detained Canadians
SCMPUS issues China travel warning about ‘arbitrary’ law enforcement, amid tensions over arrest of Huawei’s Meng Wanzhou
New York Times
Canada Presses China on ‘Arbitrary’ Detention of Citizens

 

Page Updated: January 3, 2019
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