Arrest of Huawei Executive Results in Resumption of US-China Trade Tensions, Stock Market Crash
A surprise development in US-China trade relations has been the arrest of Huawei Chief Financial Officer Meng Wanzhou in Canada. Meng is slated to be deported to the US on charges of violating sanctions, with allegations that Huawei sold goods to Iran in knowing violation of trade sanctions. Does this mean that the US-China trade war is back on? The results of the arrest were immediate, with the Dow Jones crashing 800 points in its fourth-largest drop in history...