Huawei CFO is arrested in Canada over Iran links

Meng Wanzhou faces extradition to the US following the arrest of the Huawei executive in Canada

Meng Wanzhou faces extradition to the US following the arrest of the Huawei executive in Canada. Credit Ng Han Guan AP

"It pulls in: Who is going to be the world leader essentially".

The shock arrest of Meng Wanzhou, 46, who is Huawei Technologies Co Ltd's chief financial officer, raises fresh doubts over a 90-day truce on trade struck between Presidents Donald Trump and Xi Jinping on Saturday - the day she was detained.

Meng faces extradition to the USA, where investigators are probing Huawei's alleged non-compliance with sanctions on Iran.

A U.S. Justice Department spokesman declined to comment.

The tensions between the USA and Huawei started a few months ago due to allegations of spying by the Chinese government using Huawei's equipment.

If a US target is in one those countries, one option for the OIA is to contact Interpol to put out what is known as a red notice indicating there is an outstanding arrest warrant for that person. (BCE.TO) and Telus on 5G wireless projects.

Richard Kurland, a Vancouver-based immigration lawyer, said there was little chance Meng would be released from detention.

"Huawei is China's most powerful, most prized company", said one USA lobbyist who spoke on the condition of anonymity to discuss sensitive matters.

Huawei's affordable smartphones have made strong inroads in the developing world, but the company has faced repeated setbacks in major Western economies over security concerns.

Bolton told NPR that Huawei has represented "enormous concerns for years" for the United States over the theft of American intellectual property and forced technology transfers, two notable issues the administration is seeking to resolve as part of the trade negotiations. It's not an isolated incident, but rather the latest chapter in a long history of tension between China's smartphone and telecommunications giant and the USA government and businesses.

Canada's cyber security chief said the country could face retaliatory cyber attacks.

In addition to Trump's tariffs, the administration is tightening regulations on high-tech exports to China.

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In exchange, ZTE agreed to pay a hefty $1 billion fine and put an additional $400 million in escrow in case of future violations. American officials have sought to persuade other nations to curb business ventures with Huawei because of security concerns.

The New York Times said the company had been subpoenaed by the US Commerce and Treasury Departments over alleged violations of Iran and North Korea sanctions.

The Israeli actress Gal Gadot also became the company's US brand ambassador for its Mate 10 Pro smartphone, an announcement that came after AT&T pulled out of a deal to sell Huawei's phones.

Earlier this year, the United States banned American firms from selling parts and software to ZTE, which then paid $1 billion this summer as part of a deal to get the ban lifted.

Asked about the potential for ties with Beijing to sour, a Canadian government official said the two countries had a sophisticated relationship.

"Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, US, and European Union", he added. Other, less wealthy nations are concerned less about spying and more about low prices, which play to Huawei's advantage.

Warner is the vice chair of the Senate Intelligence Committee.

And almost a year ago, AT&T pulled out of a deal to sell Huawei smartphones. In 2014 a Chinese court found a local subsidiary of GlaxoSmithKline guilty of bribery, and convicted five of the company's managers, including Briton Mark Reilly, of bribery-related charges.

Trudeau said Ottawa had been given a few days' advance notice about the plan to arrest Meng Wanzhou, who faces extradition to the United States.

All cited national security concerns in barring the Chinese firm from their next-generation networks.

The founder and CEO of the company, Ren Zhengfei, is a communist party member and when he joined the party said it was expected that all "exceptional" people should do so.

Trump's national security adviser, John Bolton, acknowledged that he knew that Canada was planning to arrest Meng on Saturday just as all eyes were on the summit in Buenos Aires.

At least one foreign company has also complained about China threatening arrests in an attempt to secure a meeting with a top executive. These Chinese companies are state-supported and state-controlled.

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