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“This is like China arresting Steve Jobs’ son,” Art Cashin said on CNBC.
The arrest of a top Chinese technology executive by Canadian authorities acting at the behest of the United States is threatening to upend the Trump administration’s efforts to sustain a trade truce with China.
“This is like China arresting Steve Jobs’ son,” Art Cashin said on CNBC.
Meng is the daughter of the company’s founder, Ren Zhengfei, and has recently become his presumed successor. Ren is a former Chinese military official who founded the company more than 30 years ago. It has become China’s premier global brand and it central to its “Made in China 2025” plan to dominate high-tech manufacturing. The company has been making a push to become the world leader in 5G technology and met with strong resistance from U.S. officials.
https://www.breitbart.com/economy/2018/12/06/huawei-cfo-arrest-is-a-declaration-of-war-says-editor-of-global-times/
Huawei CFO Arrest is a ‘Declaration of War’ Says Editor of Global Times
Wall of soundbites could fuel Trade War II - The relationship between China and the US is unlikely to ‘return’ to the status quo
“This is like China arresting Steve Jobs’ son,” Art Cashin said on CNBC.
Meng is the daughter of the company’s founder, Ren Zhengfei, and has recently become his presumed successor. Ren is a former Chinese military official who founded the company more than 30 years ago. It has become China’s premier global brand and it central to its “Made in China 2025” plan to dominate high-tech manufacturing. The company has been making a push to become the world leader in 5G technology and met with strong resistance from U.S. officials.
https://www.breitbart.com/economy/2018/12/06/huawei-cfo-arrest-is-a-declaration-of-war-says-editor-of-global-times/