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

On Thursday, December 6, 2018 at 12:41:39 PM UTC-5, Bod wrote:
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

More Trump stupidity and duplicity. He lies and says he's resolved the
trade dispute with China. The WH quickly admits he was lying and that
they only agreed to no new tariffs for 90 days while they continue to
negotiate. OK, so they are going to negotiate and what does Trump do?
Why he has a Huwaei exec arrested in Canada over BS, essentially Huwaei
was allegedly selling phones and network gear to Iran. BFD. It's
cell phones, not centrifuges. And this shows what a duplicitous shyster
Trump is. On the one hand he tell China that let's stop escalating,
let's try to reach a deal. Days later, he arrests the Huwaei exec.
There would be no trade issue with Iran, there is no trade issue with
Iran with China, UK, EU etc. It's just TRUMP who created another nasty
stink fest, killing the nuke deal. And now we have this. Just another
day in Crazytown.