Commerce Secretary Wilbur Ross Says Huawei Arrest Has Nothing to Do with Trade
*By Justin Chermol and Carlo Versano*
The arrest of Huawei CFO Meng Wanzhou was an "enforcement action, not a trade-related action," according to Commerce Secretary Wilbur Ross.
Ross told Cheddar's Megan Pratz that the arrest of Meng in Vancouver was a response to her flouting of sanctions ー and not a retaliatory strike or warning shot against a major Chinese telecom corporation. Asked by Cheddar whether Meng's charges would affect trade negotiations between the U.S. and China, he replied: "Doesn't seem to have so far."
When asked by Cheddar if China also viewed Meng's arrest as an enforcement action, Ross said: "So far, they've said that."
The arrest of the Huawei CFO occurred on December 1, the same day President Trump and Chinese President Xi Jinping agreed to a 90-day trade truce on tariffs. Since then, the arrest has thrown a wrench into the delicate negotiations between the two world superpowers.
While Ross said the arrest should not affect trade negotiations, Trump has suggested otherwise.
In an interview with [Reuters](https://www.reuters.com/article/us-usa-trump/trump-says-would-intervene-in-arrest-of-chinese-executive-idUSKBN1OB01P), Trump said he would consider intervening with the U.S. Justice Department to influence the case if he thought it would help talks with China. "If I think it’s good for what will be certainly the largest trade deal ever made ... what’s good for national security – I would certainly intervene," he said.
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.
Prince Harry has reached an out-of-court settlement with a tabloid newspaper publisher that invaded his privacy with phone hacking and other illegal snooping. Attorney David Sherborne said that Mirror Group Newspapers had agreed to pay Harry’ “substantial” costs and damages.
An attorney representing passengers of an Alaska Airlines flight that lost a door plug in midair says a “whistling sound” was heard on a previous flight of the same Boeing 737 Max 9.
What do Arnold Schwarzenegger, Aubrey Plaza, and Tom Brady all have in common? You'll see them on Super Bowl Sunday, but not on the field. If you only watch the Super Bowl for the ads, here's a sneak peek.
The Federal Communications Commission knows (to loosely quote Drake) "when that [AI robocall] hotline bling, that can only mean one thing" — deception. The agency says bad actors have been using these voices to misinform voters.
David Stryzewski, CEO of Sound Planning Group, breaks down Disney’s latest results, from adding Taylor Swift to building out ESPN, and why Bob Iger’s leadership is crucial.
