Categories: Market Overview

Trump is ready to intervene in the arrest case in exchange for his terms of trade deal with China

President Donald Trump said he would intervene in U.S. efforts to extradite Huawei Technologies Co. executive Meng Wanzhou if it helped him win a trade deal with China. “If I think it’s good for what will be certainly the largest trade deal ever made, which is a very important thing — what’s good for national security — I would certainly intervene, if I thought it was necessary,” Trump said Tuesday in an interview with Reuters.

Meng was arrested earlier this month at the request of U.S. authorities, who allege she conspired to defraud banks to unwittingly violate U.S. sanctions by clearing transactions linked to Iran. On Tuesday, she was granted a $7.5 million bail by a Canadian court, allowing the Huawei chief financial officer to return to her Vancouver home as extradition proceedings continue. Trump told Reuters the White House was in communication with the Justice Department about the case, along with Chinese officials. Asked if he had spoken with President Xi Jinping about the matter, Trump responded: “They have not called me yet. They are talking to my people. But they have not called me yet.”

The arrest has threatened to disrupt U.S.-Chinese relations even as the two nations’ leaders seek to negotiate a trade deal that would scale back a series of tariffs that have been implemented this year. Chinese foreign ministry spokesman Lu Kang reacted positively to Trump’s remarks on Wednesday, while continuing to call for Meng to be released immediately. “If the U.S. government wants to make a positive effort to promote the settlement of the issue, we welcome them,” he told reporters in Beijing.

Trump Says He Would Intervene in Huawei Case to Get China Deal, Bloomberg, Dec 12
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team
Tags: aud

Recent Posts

The dollar has reached range limits

The US dollar has strengthened, reaching the upper boundary of its trading range. The British…

58 mins ago

Crypto: Tug-of-war at new altitude

Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…

1 hour ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

21 hours ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

21 hours ago

WTI crude Wave Analysis 13 November 2024

- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…

21 hours ago

Japanese inflation continues to rise

Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…

1 day ago

This website uses cookies