Huawei Executive's Arrest Could Impact US-China Relations

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Huawei Executive's Arrest Could Impact US-China Relations
Meng Wanzhou was arrested in Canada over the weekend, on behalf of the U.S.
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Huawei's chief financial officer is facing extradition to the U.S. after she was arrested in Canada over the weekend.

According to the Chinese tech giant, Meng Wanzhou faces "unspecified charges in the Eastern District of New York." Multiple reports suggest those charges stem from Meng allegedly violating U.S. sanctions against Iran. 

Meng's arrest comes at a critical time for U.S.-China relations. After implementing tariffs on hundreds of billions of dollars of each other's goods earlier this year, President Donald Trump and Chinese President Xi Jinping only just agreed to a short-term trade truce less than a week ago. 

A former CIA China analyst told Bloomberg Meng's arrest "will definitely complicate the negotiations" — although China has since announced it will "immediately implement" measures it's already agreed to under that trade truce.

As of early Thursday morning, the U.S. Justice Department has yet to comment on Meng's arrest, while China's demanded she be released. Beyond being CFO, Meng also is the deputy chairwoman of Huawei's board and the daughter of its founder.