There’s a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, says former assistant U. S. trade representative Jeff Moon.
There’s a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, former assistant U. S. trade representative Jeff Moon told CNBC on Thursday.
Meng was arrested on Saturday in Canada and is facing extradition to the United States reportedly for violating U. S. sanctions on Iran .
In an interview with “ Power Lunch,“ Moon said that while China has responded to the escalating U. S. tariffs in somewhat „measured ways,“ the arrest is fairly aggressive and may tip China into being more forceful in its retaliation.
