*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.
Spending this holiday season is set to significantly rise, according to an economic survey from CNBC.
Google settled an antitrust lawsuit, Tesla is reportedly raising pay, a group is suing Utah over its social media policies for kids and the founder of Nikola was sentenced to prison.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
Some of America’s biggest retailers are working to increase their shipping speeds to please shoppers expecting faster and faster deliveries.
A group representing several big tech companies is suing Utah over state laws about children's social media use.
Google has agreed to pay $700 million to settle an anti-trust settlement.
Stocks were up after the closing bell as Wall Street continued to pin their hopes on rate cuts after last week's comments from the Fed.
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Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.
Nicki Minaj just reached a milestone that no other woman in rap has reached.
