Project Syndicate: Arrest of Huawei executive is a dangerous escalation of Trump’s economic war with China [MarketWatch]
JP Morgan Chase & Co. (JPM)
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Source: MarketWatch
Opinion: Arrest of Huawei executive is a dangerous escalation of Trump’s economic war with China NEW YORK ( Project Syndicate ) — The arrest of Huawei CFO Meng Wanzhou is a dangerous move by President Donald Trump’s administration in its intensifying conflict with China. If, as Mark Twain reputedly said, history often rhymes, our era increasingly recalls the period preceding 1914. As with Europe’s great powers back then, the United States, led by an administration intent on asserting America’s dominance over China, is pushing the world toward disaster. The context of the arrest matters enormously. The U.S. requested that Canada arrest Meng in the Vancouver airport en route to Mexico from Hong Kong, and then extradite her to the U.S. Such a move is almost a U.S. declaration of war on China’s business community. Nearly unprecedented, it puts American businesspeople traveling abroad at much greater risk of such actions by other countries. The U.S. rarely arrests senior businesspeople, U.
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