*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.
Janice Lieberman of Consumer Reports discusses how to maintain your car to save money down the road.
Airlines will continue to operate fewer flights to New York and Washington to cut down on cancellations and delays.
A new report found that business travel is becoming more expensive.
X Corp. CEO Linda Yaccarino told CNBC that she has "autonomy" under Elon Musk, adding that she wants advertisers to be comfortable to return.
Verizon Wireless said it plans to raise the prices of some of its plans.
Food service workers in Las Vegas are set to take to the Strip Thursday as they demand higher pay and better benefits.
GM President Mark Reuss joined Cheddar News to discuss the company's new Cadillac Escalade electric vehicle and talked about how to make affordable EVs for the general public. "That's who we are as a company -- we will offer vehicles for everybody and every different income level," he said.
Lauren Fix, automotive expert with 'The Car Coach,' spoke with Cheddar News to provide tips and advantages on buying a used vehicle. "You let somebody else take the depreciation, which is probably one of the best things ... you then move in at a two- or three-year-old vehicle that maybe was leased, and you can get some great values," she said.
Disney said it's increasing prices for its ad-free streaming services as the company is losing subscribers and also announced it planned to crack down on password-sharing. Cheddar News' Michelle Castillo broke down Disney's moves.
Lawrence Sprung, a certified financial planner and author of 'Financial Planning Made Personal' shares advice about how to teach kids to use credit wisely.
