{"id":85949,"date":"2021-09-24T12:30:10","date_gmt":"2021-09-24T16:30:10","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=85949"},"modified":"2021-09-24T12:30:10","modified_gmt":"2021-09-24T16:30:10","slug":"looks-like-the-huawei-cfo-will-be-cut-loose-by-the-doj","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=85949","title":{"rendered":"Looks Like the Huawei CFO will be cut loose by the DoJ"},"content":{"rendered":"<h1>In Major Win For China, Huawei CFO Reaches Deal With DOJ To Return Home<\/h1>\n<p><!--more-->ZeroHedge.com<\/p>\n<p>There&#8217;s a huge breakthrough in the long-running Huawei saga that was central to the current breakdown and simmering tensions in US-China relations, as it was announced Friday morning that\u00a0Huawei Technologies Chief Financial Officer Meng Wanzhou\u00a0<strong>will appear virtually in a Brooklyn federal court to resolve the US charges against her<\/strong>.<\/p>\n<p>Some of the late breaking details are emerging as follows:<\/p>\n<ul>\n<li><em>Justice Department Reaches Deal With Huawei Executive Faced With Criminal Charges<\/em><\/li>\n<li><em>In Deferred Prosecution Agreement Executive Meng Wanzhou\u00a0<strong>Will Admit to Some Wrongdoing in Exchange for Government Eventually Dropping Charges<\/strong><\/em><\/li>\n<li><em>Agreement Offers Meng Wanzhou an\u00a0<strong>Exit From Canada<\/strong>, Where She Has Been Fighting Extradition to U.S.<\/em><\/li>\n<li><em>Deal Resolves One Source of Tension Between U.S. and China as Relations Deteriorate<\/em><\/li>\n<\/ul>\n<div class=\"Advert_desktop__1J5vD Advert_tablet__3QEBr Advert_mobile__1rlLc Advert_placement__1I4yb Advert_align__N0_fw\">\n<aside id=\"in-content-video\" class=\"Advert_verticallySpaced__wnPy3\">\n<div id=\"google_ads_iframe_\/21841313772,21778456762\/zerohedge\/in_content_video_0__container__\"><\/div>\n<\/aside>\n<\/div>\n<figure class=\"caption caption-img inline-images image-style-inline-images\" role=\"group\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/wanzhou.jpg?itok=N9LlAr6w\" alt=\"\" width=\"500\" height=\"281\" data-entity-type=\"file\" data-entity-uuid=\"23a5add4-6609-46ea-9cc9-d8e19ef3e19b\" data-responsive-image-style=\"inline_images\" \/><figcaption><em>Via Reuters<\/em><\/figcaption><\/figure>\n<p>Meng, who has long maintained her innocence, has been held in Vancouver under a loose form of house arrest wherein she&#8217;s monitored 24\/7 but still free to move about in what&#8217;s been\u00a0<a href=\"https:\/\/www.nytimes.com\/2021\/01\/14\/world\/canada\/canada-meng-huawei-detention.html\">dubbed by US media<\/a>\u00a0an\u00a0<strong>&#8220;opulent detention&#8221;<\/strong>, following the December 2018 arrest at Vancouver International Airport which grabbed world headlines and unleashed fury from Beijing. She was alleged to have mislead HSBC about the\u00a0Chinese multinational tech company&#8217;s dealings in Iran.<\/p>\n<p>The expected US federal court appearance was reported widely on Friday based on a source close to the proceedings cited in Reuters and Canada&#8217;s\u00a0<a href=\"https:\/\/www.theglobeandmail.com\/world\/article-meng-expected-to-resolve-us-charges-in-brooklyn-federal-court\/\"><em>The Globe and Mail<\/em><\/a>.<\/p>\n<p><em>Reuters<\/em>\u00a0underscores the US court appearance and deal reached with federal prosecutors is expected to end in a softening of the stalemate and tit-for-tat arrests\u00a0<a href=\"https:\/\/news.yahoo.com\/huawei-cfo-meng-appear-brooklyn-125815781.html\">that ensued<\/a>:<\/p>\n<blockquote><p><em>The deferred prosecution agreement would remove one of several major disputes between the world&#8217;s two biggest economies. The agreement could also potentially\u00a0<strong>pave the way for the release of the two Canadians held in China<\/strong>, who were arrested shortly after Meng was taken in custody in 2018.<\/em><\/p><\/blockquote>\n<p>Meanwhile the US Department of Commerce has\u00a0<strong>continued to threaten further crackdown<\/strong>\u00a0on alleged bad behavior of Chinse telecommunications firms, after it&#8217;s long been suspected that state-linked firms are used as &#8216;Trojan horse&#8217; backdoors to spy on and infiltrate networks and data in the West.<\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441407499928621060&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fmajor-breakthrough-huawei-cfo-will-appear-virtually-us-court-resolve-charges&amp;sessionId=fe14a223e263bd787e6a0ddab64c8ee81a60631a&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1441407499928621060\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<div class=\"Advert_tablet__3QEBr Advert_mobile__1rlLc Advert_placement__1I4yb Advert_align__N0_fw\">\n<aside id=\"in-content-1\" class=\"Advert_centered__2tRj9 Advert_verticallySpaced__wnPy3\">\n<div id=\"google_ads_iframe_\/21841313772,21778456762\/zerohedge\/in_content_1_0__container__\"><\/div>\n<\/aside>\n<\/div>\n<p>US\u00a0Commerce Secretary Gina Raimondo in Thursday statements said further action against Huawei in particular\u00a0<a href=\"https:\/\/finance.yahoo.com\/news\/1-u-commerce-chief-more-225710642.html\">could be taken<\/a>\u00a0&#8220;if necessary&#8221; &#8211; after the Biden administration has come under pressure from Republican lawmakers.<\/p>\n<p>At the same time she expressed a desire on the part of the US to resolve outstanding trade tensions, saying in an interview, &#8220;I actually think robust commercial engagement will help to mitigate any potential tensions.&#8221;<\/p>\n<p>Huawei Technologies Co\u2019s rotating chairman on Friday had this to say while claiming that US sanctions have caused a\u00a0<strong>$30 billion loss in its handset revenue per year<\/strong>\u00a0&#8220;We\u2019ve been trying to get used to the US sanctions since May 2019,&#8221; Eric Xu Zhijun\u00a0<a href=\"https:\/\/www.scmp.com\/tech\/tech-war\/article\/3150036\/huawei-says-us-sanctions-cause-us30-billion-loss-its-handset-revenue\">told reporters<\/a>\u00a0in Beijing. &#8220;Whether the sanctions are going to escalate or not, we are accustomed to working and living with the [US] Entity List.&#8221;<\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.zerohedge.com\/political\/major-breakthrough-huawei-cfo-will-appear-virtually-us-court-resolve-charges\">https:\/\/www.zerohedge.com\/political\/major-breakthrough-huawei-cfo-will-appear-virtually-us-court-resolve-charges<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Major Win For China, Huawei CFO Reaches Deal With DOJ To Return Home<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-85949","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/85949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85949"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/85949\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}