The US crackdown on Huawei is just beginning
New York (CNN Business)The United States and China could soon reach a deal on trade. But the US government’s prosecution of Huawei, one of China’s most important tech companies, is just getting started — leaving open the possibility of another flare-up between the world’s two largest economies.
The high-profile case against Huawei’s chief financial officer, Meng Wanzhou, is moving forward despite protests from Beijing. Canada said Friday it would proceed with an extradition hearing for Meng, who is due back in court in Vancouver on Wednesday to schedule further appearances. US prosecutors want her to stand trial in New York.
Meanwhile, two cases against Huawei are unfolding in US federal court. Huawei pleaded not guilty in Seattle last week to charges that it tried to steal trade secrets from T-Mobile (TMUS). The company’s arraignment in Brooklyn on charges that it worked to skirt US sanctions on Iran is scheduled for later this month. Meng has also been charged in that case. She and Huawei have denied the charges.
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