The U.S. and China are hardly the best of friends right now. Besides a trade war that has seen both sides impose tariffs on imports from each country, the latest news involving Huawei CFO Meng Wanzhou also has raised tensions between the countries. A U.S. investigation has found that the executive was part of a plot to use the global banking system to do business with Iran. This violates a sanction that the U.S. has placed on that nation. Meng was arrested in Canada and faces extradition to the U.S. As a result of this alleged plot, there is a chance that Huawei could face a U.S. export ban.
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Monday, 10 December 2018
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