China Prepares Retaliation To Huawei CFO Arrest

Update: Reuters has confirmed the earlier Bloomberg report that Wanzhou's arrest has provoked "intense debate" among senior Communist Party officials about how to respond.
According to a separate report, Huawei has made a $2 billion "commitment" to address "security concerns" raised by the British government earlier this year.
Asked whether he thinks the arrest will spill over into the trade talks, Larry Kudlow said during a post-jobs-report interview on CNBC that he "rather doubts it," adding that China has agreed to talk about the security concerns (ie China's pervasive cyberespionage) raised during last weekend's meeting. He also hinted that Trump might be willing to extend that 90-day period set for negotiations, while he believes car tariffs "will come down rapidly."

Comments

Post a Comment

Popular posts from this blog

Police Dept. to Lawmakers: Stop Making New Drug Laws

Image
4 COMMENTS 15 HOURS AGO Ryan McMaken Complaining that they can't keep up with all the changes to the law, police departments in Colorado are demanding that the legislature impose a moratorium on any new cannabis-related legislation.  The  Colorado Springs Gazette   reports :  In May, heads of Colorado Association of Chiefs of Police [a taxpayer-funded special-interest group that lobbies for police organizations], the County Sheriffs of Colorado and Colorado District Attorneys' Council wrote a letter to the "Members of Legislative Leadership" seeking a two-year moratorium on new marijuana regulations in order to bring all officers into compliance with enforcement expectations. Officers "cannot keep up with the quantity and speed of constantly changing marijuana laws," their letter said, noting 81 bills have been introduced [ NB:  only a small fraction of these have been passed into law] in the last four years. Specifically, the poli...
Read more

Burning Man kicked off on Sunday...

Image
The fuse is lit! 'Dreamers and doers' descend on Black Rock City for world famous Burning Man festival that operates purely on a barter system (unless it's coffee or ice) Burning Man festival began on Sunday in a dried up lake in the Black Rock Desert in Nevada The annual festival, which runs until September 5, becomes its own temporary city due to number of people On Sunday, hundreds of RVs began rolling into the Black Rock Desert carrying thousands of revelers By  DAILYMAIL.COM REPORTER PUBLISHED:  15:48 EST, 28 August 2016  |  UPDATED:  18:25 EST, 28 August 2016 +17 Ancient inspiration: Final touches are put to structures resembling pyramids from Egypt on the Playa ready for Burning Man +17 Jumbo fete: Artists are planning on constructing a full-sized Boeing 747 in the desert to mark the annual Burning Man festival  +17 Burning Man kicked off on Sunday as thousands of revelers made their way int...
Read more