Brent crude is trading around $61 per barrel this morning, around 20% lower than two months ago.
Those talks now face an even steeper challenge.
"The United States is stepping up containment of China in all respects", said Zhu Feng, an global relations expert at Nanjing University. That's an open question at this point-but either way, it could not be more tumultuous in effect.
She was detained when she was transferring flights in Canada, it added.
That view is being advanced by worldwide security analysts and former diplomats, following the arrest on Saturday of Meng Wanzhou.
Meng Wanzhou, who is also the daughter of Huawei founder Ren Zhengfei, was arrested Saturday in Vancouver and is facing extradition to the US, Canada's Justice Department told The Globe and Mail newspaper Wednesday.
'As there is a publication ban in effect, we can not provide any further detail at this time. A bail hearing is being planned for Friday to determine what will happen next.
What are the Iran sanctions?
The chances of trade peace between the U.S. and China took a blow Thursday as it emerged Huawei chief financial officer Meng Wanzhou had been held in Canada and faces extradition to the United States over alleged Iran sanctions breaches by the firm.
A user of China's Twitter-like Weibo platform said Chinese should boycott products made by US tech giant Apple Inc and instead buy Huawei products to show support for one of China's national champions.
Huawei confirms launch date of its in-screen selfie camera smartphone
The next solution to the notch problem comes in the form of phones with selfie cameras fitted in a literal gap in the screen. The technical profile of the Samsung Galaxy A8s includes a 6.3-inch 2K display, a Snapdragon 710 chipset and 6GB RAM.
Google will shut down Allo next year
When Hangouts is shut down, Google can better diversify its messaging user base across its five remaining apps, I guess. Google has confirmed that Allo's shutdown date is set for March 2019, though a specific date has not been revealed .
French govt moots further concessions to pacify protesters
French protesters are welcoming Macron's decision to scrap a fuel tax rise - but say it may not be enough to contain public anger. The yellow vest protesters have called him "president of the rich". "The Yellow Vests wish to act on Saturday", he replied.
The broad market decline came as the arrest of a senior Chinese technology executive overshadowed some positive comments on trade from Beijing and threatened to worsen trade tensions between the United States and China. Prosecutors in the Eastern District of NY took on the case, he said. The Chinese side has lodged stern representations with the USA and Canadian side, and urged them to immediately correct the wrongdoing and restore the personal freedom of Ms. Meng Wanzhou.
It's unclear exactly what charges Meng could face if she is extradited to the United States.
Huawei said it was unaware of any wrongdoing by Meng and was provided "very little information" about the charges. The White House did not immediately respond when asked if Trump was aware of the detention during his dinner with Xi.
Right now it's unclear what role Trump played in Meng's arrest, or if he will intervene at some point. American officials have sought to persuade other nations to curb business ventures with Huawei because of security concerns. At this point it's fair to say most of the goodwill coming out of last weekend's G20 meeting between Presidents Trump and Xi has evaporated. China immediately reacted with outrage on Wednesday, demanding that both countries move to free Meng.
The United States and China have also been locked in a struggle for high-tech supremacy, in a race that has increasingly taken on political undertones this year.
Huawei derives around half of its revenue from supplying equipment to telecoms carriers around the world. All cited national security concerns in barring the Chinese firm from their next-generation networks.
In 2012, the Australian government banned Huawei from bidding for NBN, Australia's broadband access network, for national security reasons.
A Wall Street Journal report last month said the US government was trying to persuade wireless and internet providers in allied countries to avoid equipment from Huawei.
In exchange, ZTE agreed to pay a hefty $1 billion fine and put an additional $400 million in escrow in case of future violations. This sign is usually interpreted by traders as an indicator of coming recession.
A foreign ministry spokeswoman, Hua Chunying, said then that China hoped the USA would refrain from taking actions that could further undermine investor confidence in the US business environment and harm its domestic economy.