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3 Big Takeaways From the Arrest of Huawei's CFO

By BenZinga
Financial Services

Canadian authorities at the request of American law officials arrested Huawei’s global CFO Wanzhou Meng for allegedly violating Iran sanctions. The news shook markets Thursday, as investors fear U.S.-China trade tensions could pick up.

How worried should investors be? That depends who you ask.

Arrest Will Harm Relationship

The timing of Meng’s arrest could be seen as a “message to the Chinese as well as to Chinese companies” that the U.S. administration will enforce they “abide by certain standards” and they need to change certain practices the American administration sees as unfair, CNBC’s Eunice Yoon reported.

The U.S. government has been targeting Huawei “for about a year to curtail some of its activities in the …

Read the full story at Benzinga.

Photo: Getty iStock

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