US President Donald Trump says US complaints against Huawei Technologies might be resolved within the framework of a US-China trade deal
US President Donald Trump takes part in a welcoming ceremony with China's President Xi Jinping in Beijing, China, November 9, 2017.
Shares of S&P technology and industrial companies, bellwethers of trade sentiment, fell more than 2% on Thursday as the market slumped in a sign the conflict was being seen as a battle not just over trade but also about who controls global technology. Chief Financial Officer Meng Wanzhou, who is Ren's daughter, was arrested in Canada in December and faces extradition to the United States on charges she conspired to defraud global banks about Huawei's relationship with a company operating in Iran. She and the company deny the charges.
Trump hiked tariffs on $200 billion worth of Chinese goods on May 10 and threatened to slap tariffs of up to 25% on an additional list of Chinese imports worth about $300 billion, prompting China to respond with levies of its own.
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