In 2018, Huawei Chief Financial Officer Meng Wanzhou was arrested in Canada on behalf of the U.S. on fraud charges and for violating U.S. trade sanctions against Iran. In 2021, the Biden administration released Meng back to China.
Why it matters:
- Meng’s arrest was part of the U.S.-China conflict and targeted China’s tech giant Huawei, which the U.S. government sanctioned in 2019 over espionage and ties to China’s CCP and PLA, having determined that the company’s 5G wireless equipment poses a security risk.
- The release signaled Biden’s intentions to ease tensions with the CCP and allow Huawei back into the American market.