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Arrest of Huawei CFO shows ‘the gloves are now fully off,’ says Eurasia Group

  • The arrest of Huawei's global chief financial officer in Canada, reportedly related to the violation of U.S. sanctions, will affect trade negotiations between Washington and Beijing, according to risk consultancy Eurasia Group.
  • Canada's Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradition to the U.S.
  • U.S. authorities have been probing Huawei, one of the world's largest makers of telecommunications network equipment, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws, sources told Reuters in April.

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