You may have heard about the all-out trade war between China and US, each trying to win the world hegemony according to its own rules of the game. It’s a pure play for power. Recently the American have been trying to get back what they claim is “theirs”. So what is the story now about Huawei?
The United States Justice Department has charged Huawei for theft of technology, bank fraud, and obstruction. In particular, the company is suspected of stealing information about the technologies that the American T-Mobile has used to test smartphones.
Acting US Attorney General Matthew Whitaker said at a press conference that the charges were made against the company itself, its subsidiaries Huawei Device USA and Skycom, as well as against Meng Wanzhou, the chief financial officer of Huawei and the daughter of Huawei’s founder. At the same time, head of the FBI Christopher Ray added that the charges do not concern the leadership of China.
Meng Wanzhou was detained in Canada in December 2018 after the request of the United States and Washington is currently seeking her extradition. In return, the Chinese government has arrested several Canadians, and another Canadian was sentenced to death in Dalian for smuggling drugs.
Since the beginning of 2018, there has been a trade war between the United States and China: countries are raising trade duties on various types of goods. The US has already imposed additional customs duties on Chinese goods worth $ 250 billion. China responded with similar fees for US goods worth $ 110 billion. The heads of state met and held trade negotiations during the G-20 summit in Buenos Aires, where Beijing made concessions to Washington.