The Dow Jones industrial average plunged more than 500 points on
Thursday, the first day of trading after U.S. authorities secured the
arrest of a Chinese technology company executive, fueling fears that the
trade war with China is heating up.

News broke late Wednesday that Canadian law enforcement had arrested
Meng Wanzhou, chief financial officer of Huawei Technologies, a major
Chinese tech firm that has been linked to the Chinese military.

U.S. officials have requested her extradition, citing a suspected
sanctions violation.

A Chinese Foreign Ministry official on Thursday demanded Mengs release
and called her detention a possible human rights violation.

The incident sparked fears that China could retaliate and that relations
between the two economic superpowers will deteriorate despite what
appeared to be progress between President Trump and Chinese President Xi
Jinping at the Group of 20 summit (G-20) in Argentina over the weekend.

https://thehill.com/policy/finance/4...tech-executive

Trade wars are easy to win.
--
Bod