The Huawei Arrest Made the Stock Market Tank. Trump May Not Even Have Known About It.
The arrest and possible extradition to the United States of Meng Wanzhou, the chief financial officer of Chinese communications giant Huawei, in Canada for possible sanctions violations made the stock market tank. However, it is not just a simple criminal case, or even a crude effort to exert economic pressure on China. Instead, as we explain below, it shows how the geostrategic relationship between the Washington and Beijing is changing.