tag:blogger.com,1999:blog-2761684730989137546.post2145826890874772411..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: CNBC — Arrest of Huawei CFO shows 'the gloves are now fully off,' says Eurasia Groupmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-54986185513608487472018-12-07T07:59:03.182-05:002018-12-07T07:59:03.182-05:00U.S. sanctions on foreign nations enhance U.S. mon...U.S. sanctions on foreign nations enhance U.S. monopolies, and create pretexts to jail foreign competitors. If a foreign firm threatens to outmaneuver a U.S. monopoly, its executives can be abducted and imprisoned for allegedly violating U.S. sanctions. <br /><br />Huawei Inc. is one of the world’s largest telecommunications equipment and services providers, recently passing Apple to become the world's second-biggest smartphone maker after Samsung. This makes Huawei a “threat to U.S. national security.” (So much for “free markets” and “free competition.”) <br /><br />Australia and New Zealand have banned government use of products made by Huawei and ZTE.<br /> <br />Japan will do the same. <br /><br />The USA thinks its laws are globally applicable. So if you violate U.S. sanctions, you have broken “global law."<br /><br /><b>Imagine the outrage if China arrested an American executive abroad, or worse, an <i> ISRAELI.</i></b><br /><br />Canadian PM Justin Trudeau says there was no political motivation behind Canada’s politically motivated arrest of Meng Wanzhou, Huawei's chief financial officer. <br /><br />Ms. Wanzhou has been in jail a week.Konradhttps://www.blogger.com/profile/01739209449391854796noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-77210861084226212222018-12-07T02:45:23.831-05:002018-12-07T02:45:23.831-05:00US did the same to some of Alstom company manageme...US did the same to some of Alstom company management. They were in direct competition to General Electric in the energy market. GE offered to buy Alstom which Alstom didn’t accept. After that came the arrests of Alstom people without any following trial. <br />Once Alstom accepted the GE bid all charges were dropped. US uses its legal system to help its big companies to get ahead of competitors and dominate markets.S400https://www.blogger.com/profile/01282349400341912187noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-8546990425724786402018-12-06T14:32:44.290-05:002018-12-06T14:32:44.290-05:00Really worrisome, unless the US is willing to make...Really worrisome, unless the US is willing to make public the exact nature of the putative crime -- it is presumably only "criminal" if Huawei branchplant operations in the US have contravened US law. But if that is the case, how can one arrest a key officer of the parent company? Rather weird, and a little depressing for this Canadian. Not that I like Huawei or the Chinese government (rather the opposite), but as a Canadian I do get tired of holding the bully's coat.<br />Marian Rucciushttps://www.blogger.com/profile/12104215453386195003noreply@blogger.com