As is well-known now, American authorities asked Canadian officials to arrest Huawei CFO Meng Wanzhou last week. To put it as plainly as possible, U.S. companies trade all the time with “Cuba, Iran, Sudan and Syria.” They just do so through intermediaries. Looked at through the prism of Huawei, it’s presently the world’s #2 maker of smartphones, and is the global leader when it comes to telecom equipment. Short of Huawei hoarding all of its production, its smartphones and telecom equipment will ultimately reach Iran et al for the prosaic reason that Huawei sells so much in the way of smartphones and telecom equipment. As President Trump’s endless Tweets about China remind us, we’re a huge market for Chinese companies.

Source: Forbes December 10, 2018 18:56 UTC