If the latest reports are accurate, this is *not* good. Remember, there are trillions at stake and Wall Street has spent hundreds-of-million on behalf of multinational interests lobbying to keep the current status with China unchanged.
There’s a deep financial motive within this dynamic to stop President Trump from resetting the trade relationship with China. Additionally, Canada is aligned in self-interest with Wall Street and Trump’s adversaries toward the same goal.
Apparently National Security Adviser John Bolton was aware the CFO of Huawei was going to be arrested in Canada. However, President Trump was kept out of the loop.
WASHINGTON (Reuters) – U.S. President Donald Trump’s national security adviser, John Bolton, said in an interview with National Public Radio that he knew in advance about the arrest of a top executive of the Chinese technology giant Huawei Technologies Co Ltd [HWT.UL], according to an NPR reporter on Thursday.
Bolton said he did not know if the president was aware in advance of the arrest of Meng Wanzhou in Canada on Saturday, the day Trump struck a 90-day truce on trade in a meeting with Chinese President Xi Jinping in Argentina, NPR reporter Steve Inskeep said in a tweet.
“I knew in advance. That is something we get from the Justice Department,” the tweet quoted Bolton as saying. (read more)
Here’s the alarming (if true) aspect:
WASHINGTON (Reuters) – President Donald Trump did not know about a U.S. request for the extradition of Huawei’s chief financial officer from Canada before he met with Chinese President Xi Jinping over dinner last weekend, a White House official said on Thursday.
Huawei Technologies Ltd’s CFO Meng Wanzhou, the daughter of the company’s founder, was arrested in Canada on Dec. 1 and faces extradition to the United States. The United States has been looking since at least 2016 into whether Huawei violated U.S. sanctions against Iran. (read more)
So while President Trump was sitting down with Chairman Xi to negotiate the framework of their ongoing trade discussions; Bolton knew a very geopolitical arrest, that would directly impact the relationship, was about to take place…. And he did not inform President Trump?
If true this is concerning because the Deep State would like nothing more than to scuttle any possible trade reset between the U.S. and China; and Canada would be more than willing to assist therein.
Canada benefits from the status quo. Canada exploits their access to the U.S. market as part of their overall economic model. Canada brokers Asian manufactured goods through their country, and assembles some parts into finished products therein. This skirts any countervailing duties imposed on the originating Asian nation by the U.S. This exploitation has been very lucrative for Canada.
Additionally, the Wall Street multinationals and the U.S. Chamber of Commerce have paid U.S. politicians to allow maximum benefit to Chinese manufacturing. The Big Club is opposed to President Trump; there are trillions at stake.
If Bolton knew of the location of a landmine that could have serious damage to the efforts of Trump’s economic team, and he kept it hidden, he could have intentionally positioned President Trump’s policy toward China for maximum collateral damage.
Must watch this closely.
Suspicious cat needs more information.
Well, did he? Bolton says he knew of Huawei exec’s arrest ‘in advance,’ contradicts own spokesman
In an NPR interview on Thursday, Bolton said he knew ahead of time that Meng Wanzhou, the global chief financial officer at the Chinese telecommunications equipment maker Huawei, was going to be arrested in Canada. She faces possible extradition to the US for allegedly breaking a trade embargo with Iran.
“I knew in advance, but this is something that we get from the Justice Department and these kinds of things happen with some frequency,” Bolton said, while stating that he was unsure if President Donald Trump knew the arrest was coming. “We certainly don’t inform the president on every one of [these arrests].”
But Bolton’s own spokesperson has a different story to tell. Just hours after the national security adviser’s comments to NPR, the spokesperson told CBS News that neither Bolton nor Trump were aware of the arrest before it happened. He said Bolton’s comment about “knowing in advance” was in reference to a briefing Bolton received between the time of the Vancouver arrest on December 1 and the news being made public on December 5.
During his interview, Bolton declined to go into detail about Meng’s arrest. However, Reuters has cited people familiar with the investigation as saying she was connected to an alleged scheme to use the global banking system to circumnavigate US sanctions against Iran.
Reuters also reported that Huawei has been under a microscope for so-called sanctions-busting since 2016, and that the Chinese company was more recently investigated for reportedly using HSBC Holdings plc to make illegal transactions involving Iran. HSBC is not under investigation, however, according to sources cited by the news agency.
Huawei, for its part, has denied any wrongdoing, saying it complies with all laws and regulations where it operates – including export controls and sanctions of the United Nations, US, and the European Union.
DEEP STATE MISCHIEF: Is the DOJ sabotaging the trade talks with China?
VERY BAD MOVE!
TMR Editor’s Note: The $64,000 question regarding the highly concerning news report posted below about the Chinese VIP arrest by Canada for the U.S. is this:
Does Trump support these dangerous shenanigans or is the Deep State operatives in the DOJ intent on sabotaging his recent trade discussions with China’s President Xi Jinping?
The real problem with such a stupid move like this patently false arrest is that: World Wars Always Begin With Trades Wars (Updated)
It’s crucial for every American to understand the following geopolitical reality at this critical point of human history:
“Those sanctions by the Trump administration are themselves violations of international law. These patently criminal sanctions by the U.S. were issued, and are only being enforced, on behalf of the APARTHEID state of Israel.”
Therefore, what must be determined — before it’s too late — is whether this HUGE international incident is part of a much larger globalist scheme to jigger the whole world.
Make no mistake about it: Deep State is in very deep doo-doo. The NWO globalists know in their bones that arrests and prosecutions are coming for all the big enchiladas like Soros and Obama, Hillary and Bill, Podesta and Podesta, Brennan and Clapper, Hayden and Morrell, Schiff and Feinstein, Pelosi and Waters, Wasserman Schultz and Schumer, Comey and Mueller, Lynch and Holder, McCabe and Strozk, Ohr and Page, Steele and Simpson, and et al.
They also know they’ll be facing severe justice at Gitmo. MILITARY TRIBUNALS: Why They Are Absolutely Necessary
The Millennium Report
December 6, 2018
China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures”
So much for a trade war truce between China and the US, or a stock market Christmas rally for that matter.
Shortly after the news hit that Huawei CFO Wanzhou Meng — also deputy chairwoman and the daughter of Huawei’s founder — was arrested on December 1, or right around the time Trump and Xi were having dinner in Buenos Aires last Saturday, and faces extradition to the U.S. as a result of a DOJ investigation into whether the Chinese telecom giant sold gear to Iran despite sanctions on exports to the region, China immediately lodged a formal protest publishing a statement at its embassy in Canada, and demanding the U.S. and its neighbor “rectify wrongdoings” and free Meng, warning it would “closely follow the development of the issue” and will “take all measures” to protect the legitimate rights and interests of Chinese citizens.
Full statement below:
Remarks of the Spokesperson of the Chinese Embassy in Canada on the issue of a Chinese citizen arrested by the Canadian side
At the request of the US side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law. The Chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim. The Chinese side has lodged stern representations with the US and Canadian side, and urged them to immediately correct the wrongdoing and restore the personal freedom of Ms. Meng Wanzhou.
We will closely follow the development of the issue and take all measures to resolutely protect the legitimate rights and interests of Chinese citizens.
Meng’s arrest will immediately heighten tensions between Washington and Beijing just days after the world’s two largest economies agreed on a truce in their growing trade conflict. It will, or at least should, also prompt any US execs currently in China to think long and hard if that’s where they want to be, say, tomorrow when Xi decides to retaliate in kind.
Meng’s father Ren Zhengfei, a former army engineer who’s regularly named among China’s top business executives, has won acclaim at home for turning an electronics reseller into the world’s second-largest smartphone maker and a major producer of networking gear.
As Bloomberg notes, the CFO’s arrest will be regarded back home as an attack on China’s foremost corporate champions. While Alibaba and Tencent dominate headlines thanks to flashy growth and high-profile billionaire founders, Ren’s company is by far China’s most global technology company, with operations spanning Africa, Europe and Asia.
“Tencent and Alibaba may be domestic champions and huge platforms in of their own rights, but Huawei has become a global powerhouse,” said Neil Campling, an analyst at Mirabaud Securities Ltd. It is “5G standards that are at the heart of the wider IP debate and why the U.S. and her allies are now doing everything they can to cut to the heart of the Chinese technology IP revolution.”
At the same time, Huawei’s technological ambitions have also gotten the company in hot water with the US: its massive push into future mobile communications has raised hackles in the U.S. and become a focal point for American attempts to contain China’s ascendance.
Going back to the arrest, the U.S. Justice Department declined to comment about the circumstances involving the CFO, although the biggest question on everyone’s mind right now is whether Trump was aware of the pending arrest at the time of his dinner with the Chinese president, and why exactly he had greenlighted the move which would certainly result in another diplomatic scandal, promptly crushing and goodwill that was generated at the G-20 dinner.
Meanwhile, in a statement, Huawei said the arrest was made on behalf of the U.S. so Meng could be extradited to “face unspecified charges” in the Eastern District of New York.
“The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng,” Huawei said. “The company believes the Canadian and U.S. legal systems will ultimately reach a just conclusion. Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, U.S. and EU.”
Tensions between the Chinese telecom giant and U.S. authorities escalated in 2016, when the US voiced concerns for the first time that Huawei and others could install back doors in their equipment that would let them monitor users in the U.S. Huawei has denied those allegations. The Pentagon stopped offering Huawei’s devices on U.S. military bases citing security concerns. Best Buy Co., one of the largest electronics retailers in the U.S., also recently stopped selling Huawei products.
In August, U.S. President Donald Trump signed a bill banning the government’s use of Huawei technology based on the security concerns. The same month, Australia banned the use of Huawei’s equipment for new faster 5G wireless networks in the country and New Zealand last week did the same, citing national security concerns. Similar moves are under consideration in the U.K. The U.S., which believes Huawei’s equipment can be used for spying, is contacting key allies including Germany, Italy and Japan, to get them to persuade companies in their countries to avoid using equipment from Huawei, the Wall Street Journal reported last week.
In 2016, the Commerce Department sought information regarding whether Huawei was possibly sending U.S. technology to Syria and North Korea as well as Iran.
The U.S. previously banned ZTE Corp., a Huawei competitor, for violating a sanctions settlement over transactions with Iran and North Korea.
The cynics out there may claim that the US response is merely in place to delay the development of the company which in the third quarter overtook Apple as the No. 2 global smartphone maker, shipping more than 52.2 million units according to Gartner Inc.
“This is what you call playing hard ball,” said Michael Every, head of Asia financial markets research at Rabobank in Hong Kong. “China is already asking for her release, as can be expected, but if the charges are serious, don’t expect the US to blink.”
The biggest question is what will China do next. One look at futures, which flash crashed earlier when the news of the CFO’s arrest first hit, suggests that whatever it is, Beijing will probably not be happy.