Sunday, 9 December 2018

Gulf economies stand to lose if Huawei row reignites trade war | Arab News

Gulf economies stand to lose if Huawei row reignites trade war | Arab News:

A global trade war was apparently averted over dinner in Buenos Aires a couple of weeks ago when President Donald Trump and his Chinese counterpart Xi Jinping called a cease-fire in the escalating commercial confrontation between the world’s two biggest economies.

Now that cease-fire has been threatened by the arrest in Canada — on a warrant from the US — of Meng Wanzhou, the chief financial officer of Huawei, China’s flagship technology company.

The US is seeking her extradition for trial on allegations of breaching sanctions against Iran.

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